FLAG PATTERN CONDITIONS:
1. STEEPER POLE : 70-85 DEGREES (YES PRESENT).
2. DURATION OF THE POLE : LESS THAN 3 DAYS. ( 2 DAYS)
3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 5 DAYS)
4. DURING RECTANGULAR MOVEMENT VOLUME SHOULD BE LOW. (AVERAGE)(THAT’S WHY 4 STAR)
5. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE. (YES)
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Stock Ticker – NSE: IGL – Indraprastha Gas Ltd. – ENERGY
Bearish Trade plan:
Entry Level 304.70 Target 272.30 Stoploss 337.10
Analyst Rating – :4/5
View Posted on 2019-07-01
