1) Flag pattern and consolidation breakout. 2) Breakout-retest-continuation pattern. 3) Good volumes at breakout. Can be bought for a target of 1050. CMP-980. SL will be 948 on a closing basis. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
@jrlolo yes, definitely it is a good now as well. Can add on all dips till 950
RS_V
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This flag pattern, can we apply it for short term/positional trading or only intraday? Please explain.
TradingWithRahul
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@RajaSekharVelisetti It's for short term trading which is also called swing trading. I only do swing trading, it's the best type of trading technique to minimise your risk.
RS_V
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@TradingWithRahul, Thank you. Me too (learning). Just wanted to confirm. Now I will observe for this pattern.