SAIL ( Long position)

Jul 8, 2021

Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics:

• The preceding trend
  The consolidation channel
  The volume pattern
  A breakout
  A confirmation where price moves in the same direction as the breakout
  

BUY level - 120-123
target- 135-150-188
Stop loss- below 117 as per ur risk capacity
time frame- mid to long term (1 to 4 months)
adding quantity as per market trend and positive data.

thank you