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ReviveTraders
Oct 6, 2020 8:22 AM

DRREDDY | Straight Flag Pattern Formation | Don't miss it  Education

DR REDDYS LABSNSE

Description

straight FLAG PATTERN it can break either way so be cautious before taking the trade and don't be caught yourself in fake breakout

DON'T forget to check out my previous idea on Drreddy , it worked really well on 4 hrs time frame

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Trade closed: target reached

i have not traded in this ,yeah but target is reached
Comments
arunkrmishra2000
Hi, i was just looking at your previous ideas to learn how to take trades based on Flag, Pennant, or Wedge Formation. In the above trade plan, if looking retrospectively, it works well as a Short Trade, however, can you please tell how you took the trade (if you have taken) as it became very confusing at the end of the Flag. And if you avoided the trade then what should we look at such patterns to take or avoid the trade.
KamalWadhwani
What about Dr Reddy now
ReviveTraders
@KamalWadhwani, volume is low we need to wait more for confirmation
KamalWadhwani
@tradethetip, what level can I buy at downside
ReviveTraders
@KamalWadhwani, we have to wait for a perfect upside movement we'll buy after breakout , it's going to take some time
shrikant2617
Your analysis is literally going wrong
ReviveTraders
ReviveTraders
comment your query or any suggestion regarding the shared idea
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