@sammin22s, yes you are right but when stocks came to a support level old ,some short covered,some people wait to buy,profit booking done and stock can rally back
praveen.bhatiya
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Nice Analysis I do agree but where is Flag/Pole, only this point I couldn't get. Thanks
@Praveen.bhatiya, pattern are human psychology,various trader trade thought pattern various way,for some one it is a flag structure,for some who wnt to buy he thought double bottom buy set up,some take profit booking it is completation of flag target,you are right, all things are not like flag
praveen.bhatiya
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@rupambose32, Thanks for your reply. I consider Flag as explained in the book "Encyclopedia of chart patterns" by Thomas Bulkowski so got surprised.
UnknownUnicorn646072
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@Praveen.bhatiya, it is all brooks bar by bar where varius trader thinks about chart various way