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datepuru
Jan 9, 2020 4:42 AM

Falling or Bearish Flag Pattern? Can someone please confirm?  

COLGATE-PALM (IND)NSE

Description

Price has steadily fallen from the high. Since 2nd Dec 19, price has been moving sideways. Height of pole and length of flag are unusual. Hence, can someone please validate price movement as bearish flag pattern? What the current consolidation does offer? Trading volume is below its 5 and 20 days EMA
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