$NSE:BALKRISIND Bullish flag pattern on a weekly chart
Updated
The flag pattern is a powerful trend continuation pattern. It represents a brief consolidation after a strong price movement.
In this example of
BALKRISIND,
Disc - invested, for educational purposes only.
In this example of
BALKRISIND,- The stock rallied by 44%/~1000 in 8 weekly bars - 56 days
- Currently, the price has broken out of the channel and is in the same direction as the initial trend of the chart.
- It corrected 9% /~302 before breaking out.
Disc - invested, for educational purposes only.
Trade closed: stop reached
Unfortunately the stop got hit
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