Divergent_trader

THOMAS COOK | POLE FLAG + SUPPORT CONFLUENCE

Long
NSE:THOMASCOOK   THOMAS COOK
REASONS FOR ENTERTING TRADE

1. A pole flag structure with the base of the flag bouncing off the 200EMA.
2.This 200EMA bounce point coincides with the long-term support trendline,
3. & the 61.8% retracement of the pole.
3. Price sustains above the flag range after retest

Buying above 65 for a projected price target which is set as the pole height, from the breakout point.
SL 56
Comment: Beautiful Movement. Exit at the circuit @85
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