As per flag pattern witness in tvs electronic . pole slope 70 to 80 deg . side way duration min 6 to 9 days . Entry point at 310 Exit at 400 stop loss at 270
Tvs Electronic – Flag Pattern Bullish
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Stock Analysis
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Hi, Can you pls explain how the Stop loss and Target is fixed?
if steeper pole up trend.
Entry price : the price when the flag exceeds the rectangular formed area.(up side )
Stop loss : The price at the bottom of the flag.( Rectangular shaped low point is stop loss)
Exit price : The same amount calculated as the stop loss.
.RR ratio 1.:1 or 1:1.5 is exit.(rectangular height)
pradeep
Maharaja gave good explanation.