after a strong rally downwards post budget, the prices are consolidating and the investors are slowly picking up on the stock. The Stock is about ot go in an uptrend. Soon about to breach the narrow wedge formed for the past few days.
Disclaimer: Only for Educational and testing purpose.
First of all, you must have FIVE minutes to understand.
Try to observe both patterns as mentioned following:
Flag Pattern (i) which is in the channel.
Flag Pattern (ii) with breakdown channel support.
There're total (5) channels in the chart but the 5th channel is different from all others. look at all Four-Channel having up-trend but 5th has a flat...