GLAXO – BULLISH FLAG – 18.09.2019

FLAG PATTERN CONDITIONS:

1. STEEPER POLE : 70-85 DEGREES (YES PRESENT).

2. DURATION OF THE POLE : LESS THAN 3 DAYS. (YES 3 DAYS)

3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 5 DAYS)

4. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE WITH GOOD VOLUME. (YES POSITIVE BREAKOUT WITH ABOVE AVERAGE VOLUME)

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Stock Ticker – NSE: GLAXO – Glaxosmithkline Pharmaceuticals Ltd. – PHARMA
Bullish Trade plan:
Entry Level 1410 Target 1540 Stoploss 1280
Analyst Rating – :4/5
View Posted on 2019-09-18