Flag
Paras Defence waiting for good volumeAlways remember, Breakout and breakdown with low volume is of no use.
Yesterday I posted update on paras Defence.
It closed below previous day low and before that, it has given flag pattern breakout.
Both break out and breakdown happened with low volume. so strength was missing.
Today There's an inside candle formed on closing basis.
I am very bullish on paras defence in next 6 months, However waiting for a good correction till 1300 (+-20).
If it breaks today's inside candle in any direction with High volume, the it will be a good sign for trend ( up or down).
What should we learn here.
Longer the accumulation time, stronger will be the breakout.
Paras Defence UpdateA good closing below previous day low after a long time. This indicates a correction in near future. however I'll watch today's closing for the confirmation.
A good correction will be seen if closing of 9th july closes below 8 july low.
However after a sudden fall, price have retraced almost 60 points.
Good to watch it on 9th july closing.
Also, Good to watch for Fibonacci Levels for correction.
I am waiting for price to come at .33 level of fib.
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
GEPIL BULLISH BREAKOUTIts an up flag breakout.Breakout is happened after a long consolidation with huge volume.
HDFC Bank - Bullish Flag chart patternBullish flag chart pattern has formed in HDFC Bank and also we have seen the breakout yesterday.
During the flag formation, we have observe the volume is going down, indicating that the bullish trend will continue.
Breakout of bullish with volume indicate a good sign and also RSI is above 60 so the momentum is also available.
Levels are mentioned on chart, For target use measurement rule.
Trail your SL is the key of saving capital along with profit is the good gesture of traders.






















