On closing of "8th Sept.'23' trading session...
Bullish Flag & Pole
1. Took 48 trading sessions to complete this pattern..
2. Now, expecting 7.21% up-move after Break-out
3. TGT to achieve in 48 Days after Break-Out (4th Sept.23)
i.e. in between 2nd OR 3rd week of November'23.
REASOND WHY THIS PATTERN IS BULLISH FLAG & POLE
Important Note : RSI TGT is far above, will discuss it once this pattern's TGT achieved.
Bullish Flag & Pole
1. Took 48 trading sessions to complete this pattern..
2. Now, expecting 7.21% up-move after Break-out
3. TGT to achieve in 48 Days after Break-Out (4th Sept.23)
i.e. in between 2nd OR 3rd week of November'23.
REASOND WHY THIS PATTERN IS BULLISH FLAG & POLE
- Trend between June to July was a sharp move in uptrend and after that it goes into consolidation phase.
- On 2nd September it give breakout of previous consolidation phase which confirms the breakout of "flag & pole" pattern.
- Volume - Firstly increases between June to July, Secondly during consolidation volume declines slightly and after breakout there is sharp increase in volumes.
- Now, the TGT for this pattern is mentioned in above para "3." point .
Important Note : RSI TGT is far above, will discuss it once this pattern's TGT achieved.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.