nalinakshi

flag breakout on the hourly

nalinakshi Updated   
NSE:LUPIN   LUPIN LTD
second pole formed, what next, intraday on monday you will see correction to 50 % fibonacci 793 , stoploss will be 818. you will see consolidation if this pole and flag continue above. probably after consolidation. so one can go short and take the advantage of these patterns, if signs of reversal from 50 % seen one should book their profits, flag consolidation will be seen nearly 3 to 5 days, even one can take the advantage ogf trading range after the range of flag is formed.
Comment:
you may get flag or pennant, but in lupin if in case if flag or pennant formed breaks out to the upside can see trend reversal.
Comment:
worked as expected

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