Flags are little tricky to play but if and when then fructify, they yield handsome return. E.g. look at the following chart of Wipro
The spikes in candle A and B faked out the breakout attempts. In this setup it's good to be shaken off early for a breakout entry (on an intraday trade) because many a times the flag continuous it's development and breaks the preceding swing point. One may enter again above the spike in such a case.
All the best.
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I ll close the trade at 747
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@ 745. Facing some hiccups. That's 10 pints in 30 minutes. Not bad :i
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T1 done
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Infy @ 750 now. May face some psychological resistance. Heading for T2