A positive breakout is noticed in Bajajfinance post forming a flag pattern between(09 Oct’19 – 19 Oct’19) and the highvolume is noticed during breakout.
Entry point : 3424
stop loss : 3250
target : 3800
, , FLAG Pattern
, , FLAG Pattern
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Bullish View
Bearish View
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Hi,
The first leg of the bullish flag pattern is characterized by a sharp rally in price in the direction of the current trend. In the above chart, there is no witnessed for a sharp rally. Use candlestick chart for a better view
Hi Naresh,
Thanks for the above details.
Can we consider the below snip.