datepuru

Bullish Flag pattern - continuation

Long
NSE:HDFCAMC   HDFC ASSET MANAGEM
Greetings ! I am not familiar with tools available. Hence, I am unable to display volume along with price movement. But, I have noted that traded volume during formation of flag pole and traded volume during current consolidation is crucial piece of evidence. Traded volume during the current consolidation has significantly reduced compared to traded volume during formation of flagpole. According to me, current market price is the good entry point
Comment: RSI also indicates that stock is not overbought and thus there is scope for sharp breakout

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