praveen.bhatiya

Flag pattern Long

Long
NSE:BHARATFORG   BHARAT FORGE
Vertical price move from 05 .12.16 to 08.12.16 has formed a pole and pattern gave breakout after 2 days of consolidation which is normal for flag pattern as it is a small pattern. It seems a good Flag formation as the volume on last day of pole and on the breakout day was relative higher. One can enter long now for a target of 1060. Stop Loss closing below 944.
Trade closed: stop reached