FLAG breakout trade for NSE:EIDPARRY by vivekprcs

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for me flag is most powerful pattern
Earned 3% in intraday on flag pattern breakout.
bought at 298.90 sold at 307.90 my stoploss was 295.80

Comments

Great set up Vivek, can you please explain where to enter and what is the logic for SL? Shall we use 3 mins TF for entry?

satyasats001

@satyasats001, you can use any tf for entry, plus pattern was good so i didn't change tf was checking in 15min. my focus was only price level . and for SL there is 9-10 candles in a range so most of candles low is above 296 thats why i put SL as 295.80, for safe side 294.90 can be taken which is low of one big red candle out of those 10.