Break out has happened above triangle Hence, Entry was taken above this level at 1880. Stop loss fixed at Rs.1850 and Target is Rs.1940. Risk Reward ratio is 1:2
HDFC-FLAG PATTERN-PORUR KARTHICK
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Stock Analysis
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Bullish View
Bearish View
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Subject Line was wrongly written as “Flag Pattern” instead of “Triangle Pattern”
Hi Karthikeyan sir,
One of the main condition for triangle pattern is formation of triangular corrective wave. In this one the price is moving horizontally but the wave formation is not happening.
The following chart will do help I guess.
Dear Sir,
You are right. Thanks for comment. I will post correct Triangle Pattern soon.