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Sumanyu_Aggarwal
Jan 19, 2023 12:07 PM

Trend line + Flag 

POLYCAB INDIA LTDNSE

Description

Price went from 570 to 2600 in 18 months and is now consolidating in the range of 2100 to 2800 forming a flag pattern. It is also forming a trend as shown in the chart. Joining both of them makes a triangle. In summary, the price is at a breakout level.

Comment

It broke out but without convincing volume.
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