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Equity-Earningz
Nov 16, 2018 7:50 AM

Bullish Flag Breakout - Continuation Pattern - RR Ratio 1: 4.6 Long

STATE BK OF INDIANSE

Description

Long sbin Above 288
stop-loss - 279.75
Target 324.70

Risk 2.78 % & Reward 12.84%
RR Ratio - 1: 4.62



Continuation Pattern

Bullish Flag
Bullish Flag chart pattern represents consolidation. This means that it occurs after a large movement in price. As such it’s also a continuation pattern, which means that the market is likely to continue in the same direction once the pattern gives a breakout.

Trade active

Trade closed: stop reached

Our Stop was 279.75 Price Made a lot of 279.60 and bounced back to 286.

But it's a stop-loss because in real trading we must place stop orders in the system as decided.
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