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Chart of Kotak Bank form Flag price pattern from 6th Jan to 25th Jan. Where the steeper pole constructed in 3 to 4 days and flag forms for 10 days period with very low volume and breakout on the same side on 11th day which makes it’s toward bullish.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
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Hi sir,
For flag pattern the pole should be clearly visible, here the movement is sideways.
Movement is side because the pole is not formed in a single day. It has take four too five days to form the same.
Movement is side because the pole is not formed in a single day. It has take four to five days to form the same.