BALKRISHNA IND. LTD
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$NSE:BALKRISIND Bullish flag pattern on a weekly chart

Обновлено
The flag pattern is a powerful trend continuation pattern. It represents a brief consolidation after a strong price movement.

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.
Сделка закрыта: достигнута стоп-лосс цена
Unfortunately the stop got hit
Bullish FlagflagandpoleflagandpolepatternFlagflagpatternbreakout

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