SUNPHARMA-FLAG-Bearish – EQSIS PRO

Tagged: SUNPHARMA-FLAG-Bearish

This topic has 3 replies, 3 voices, and was last updated 8 years, 1 month ago by Fathima Shafi.

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February 9, 2016 at 2:12 PM #17785

usha muthukumar
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Rank: Level 5

STOCK=SUNPHARMA

PATTERN=FLAG

POSITION=Short

TREND=Bearish

TRADE PLAN:

ENTRY=840

SL=872

TARGET=750(Risk Reward Ratio=1:3)

VOLUME=High during the breakout

DURATION=steeper pole(AUG 14 to AUG 20) and Flag(AUG 21 to SEP 01)

March 1, 2016 at 1:16 PM #18666

Sangeetha
Participant

Rank: Level 7

sir, the positive flag should not drift lower its not the significance of flag

March 3, 2016 at 6:42 PM #19269

usha muthukumar
Participant

Rank: Level 5

s you r correct..

In FLAG pattern same side breakout should only possible..

Thank u

March 16, 2016 at 10:25 PM #20857

Fathima Shafi
Participant

Rank: Level 5

Mam, flag pattern is a continuation pattern. The breakout happens in the direction of the trend. It cannot be bearish.
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