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FLAG

Flag Pattern Identification | Moving Average | Entry Guessing chart patterns in Higher timeframes & then moving gradually to lower timeframes for Confirmation & Entry points. Technical Indicators which I am using here is Moving average. 1. First looking at the weekly and daily timeframe, I confirmed that stock is trading above the Moving average. Also, there is an impulsive buying followed by some correction. This hinted towards a FLAG PATTERN. 2. To confirm the flag pattern and specifically the entry point, which will be candles breaking out the Moving Average line, I analyzed 4H and 1H timeframes. 3. Once I see a candle breakout at the Moving average line in an uptrend during a correction phase, I place my entry for BUYING. ** Setup stop loss and Target as per your own trading style**
NSE:KABRAEXTRUEducation
by Sanketpr
SAIL ( Long position)Flags are areas of tight consolidation in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (bullish flag) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics: The preceding trend The consolidation channel The volume pattern A breakout A confirmation where price moves in the same direction as the breakout BUY level - 120-123 target- 135-150-188 Stop loss- below 117 as per ur risk capacity time frame- mid to long term (1 to 4 months) adding quantity as per market trend and positive data. thank you
NSE:SAILLong
by kautilyaTrading
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