datepuru

Bullish Flag pattern - continuation

Long
datepuru Updated   
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.