Not a classic flag breakout since the upper part of the pole is a shadow hence clearly the price dint sustain at that level. Q4 numbers are announced hence might see some consolidation (maybe a week or 2) before breaking out with targets on upwards of 850+. Q4 numbers are quite decent. Pattern invalid below 620 weekly closing.
Disclaimer: I am not a sebi registered analyst. The purpose of sharing the chart is purely educational.
Disclaimer: I am not a sebi registered analyst. The purpose of sharing the chart is purely educational.
Transaction en cours
A good effort on part of the stock to break out of the pattern but couldn't cross the psychological barrier of 700. If tomorrow stock doesn't breakout we would have new candlestick next week and the pattern would only hold more strength and conviction.Note
Another candle inside the flag as closing of friday failed to b/o. Now today some consolidation was seen. Would be a interesting week
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.