Sudarshan Chemicals - Bull Flag + Volume expansion. BO soon.
Key Highlights:
1. Bullish market structure - HH, HL
2. Massive volume expansion
3. Moving in a Pennant. Completing the Bull flag.
4. Currently at a major resistance zone
5. Close above 720 will trigger a good rally
6. Target: 791, 870. Stop Loss: 640
I have made an illustration on the left-hand side, to explain the bull flag/flag & pole pattern.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
1. Bullish market structure - HH, HL
2. Massive volume expansion
3. Moving in a Pennant. Completing the Bull flag.
4. Currently at a major resistance zone
5. Close above 720 will trigger a good rally
6. Target: 791, 870. Stop Loss: 640
I have made an illustration on the left-hand side, to explain the bull flag/flag & pole pattern.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Note
Target 1: Reached ✅✅
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Related publications
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.
I build communities where traders feel understood and supported. 🔥
Trading is lonely, but it doesn’t have to be.
Want to grow with people who get it?
📈 Join my FREE Telegram → t.me/johntradingwick
🤝 Connect on Twitter → x.com/tradingwick_
Trading is lonely, but it doesn’t have to be.
Want to grow with people who get it?
📈 Join my FREE Telegram → t.me/johntradingwick
🤝 Connect on Twitter → x.com/tradingwick_
Related publications
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.