GRAPHITE INDIA has formed a FLAG AND POLE pattern on the weekly charts and has given a breakout with good volume.
The "flag and pole pattern" in technical analysis is a chart pattern that signals a potential continuation of an existing trend. It's characterized by a sharp, initial price movement (the "pole") followed by a period of consolidation (the "flag") within a defined range. A breakout from this range, in the same direction as the initial pole, suggests a likely continuation of the original trend
The target of this pattern signals an upside potential of 25% from the current price level in medium term.
Stock is trading above its 11 & 22 day EMA. RSI is at 68, signalling positive momentum.
CMP- Rs. 553
Target Price- Rs 691 ( 25% upside)
SL - 525
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
The "flag and pole pattern" in technical analysis is a chart pattern that signals a potential continuation of an existing trend. It's characterized by a sharp, initial price movement (the "pole") followed by a period of consolidation (the "flag") within a defined range. A breakout from this range, in the same direction as the initial pole, suggests a likely continuation of the original trend
The target of this pattern signals an upside potential of 25% from the current price level in medium term.
Stock is trading above its 11 & 22 day EMA. RSI is at 68, signalling positive momentum.
CMP- Rs. 553
Target Price- Rs 691 ( 25% upside)
SL - 525
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。