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Stock Ticker – NSE: BIOCON – Biocon Ltd. – PHARMA
Bullish Trade plan:
Entry Level 233 Target 240 Stoploss 228
Analyst Rating – :5/5
View Posted on 2019-10-09
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Hello,
It would be good to mark the pattern in the graph. In this case, Flag pattern as mentioned in the title.
Also, it would be fine considering the following conditions to qualify the Flag pattern.
1) A Steeper pole (75 ~ 80 degrees steep)
2) Rectangular shaped sideways movement can be considered as the flag.
3) It generally takes 4 to 7 days to form.
4) Volume should be low during the flag period.
5) Volume is expected to increase while giving breakout.
Hi,
Price pattern doesn’t work in intraday trading… Intraday is purely working on day’s sentiment
Dear, the pattern formed is exactly as FLAG. .as per interpretation and suggestion given by NARESH it will not work in intraday. But searching such type in chart is classic. Keep it up ji.