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. 6 DAYS)
4. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE WITH GOOD VOLUME. ( FOR THIS WE HAVE TO WAIT )
If it gives a positive breakout with good volume then we can take long position. Or else we have to put our hands above the pocket and walk away.
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Stock Ticker – NSE: TORNTPHARM – Torrent Pharmaceuticals Ltd. – PHARMA
Bullish Trade plan:
Entry Level 1689.30 Target 1887 Stoploss 1491
Analyst Rating – :4/5
View Posted on 2019-08-05