The Flag & Pole pattern is a powerful bullish continuation setup. In Sharda Cropchem Ltd, currently trading at ₹901, this pattern suggests potential upside if the breakout sustains, with defined target and stop-loss levels.
📈 What is a Flag & Pole Pattern?
1. Pole: A sharp, vertical price rise driven by strong buying momentum.
2. Flag: A short consolidation phase where price moves sideways or slightly downward, resembling a flag on the pole.
3. Breakout: Once price breaks above the flag, the prior uptrend often resumes with strength
🔑 Importance of the Pattern
1. Continuation Signal: Indicates that the prevailing bullish trend is likely to continue.
2. Clear Risk-Reward Setup: Provides well-defined entry, stop-loss, and target levels.
3. Widely Used: Traders across equities, forex, and commodities rely on it for short- to medium-term trades.
🛠️ How to Trade the Pattern
Entry Point:
Enter when price breaks above the flag resistance with strong volume confirmation.
Target Strategy:
Measure the length of the pole (initial sharp rally).
Project the same distance upward from the breakout point.
Example: If the pole is ₹150 long, add ₹150 to breakout price for target.
Stop-Loss Strategy:
Place stop-loss just below the flag’s lower boundary.
This protects against false breakouts while keeping risk limited.
📝 Key Takeaways
Flag & Pole = Bullish Continuation.
Entry on breakout, target = pole length, stop-loss below flag.
Sharda Cropchem shows this setup, offering a strong risk-reward opportunity if breakout sustains.
📈 What is a Flag & Pole Pattern?
1. Pole: A sharp, vertical price rise driven by strong buying momentum.
2. Flag: A short consolidation phase where price moves sideways or slightly downward, resembling a flag on the pole.
3. Breakout: Once price breaks above the flag, the prior uptrend often resumes with strength
🔑 Importance of the Pattern
1. Continuation Signal: Indicates that the prevailing bullish trend is likely to continue.
2. Clear Risk-Reward Setup: Provides well-defined entry, stop-loss, and target levels.
3. Widely Used: Traders across equities, forex, and commodities rely on it for short- to medium-term trades.
🛠️ How to Trade the Pattern
Entry Point:
Enter when price breaks above the flag resistance with strong volume confirmation.
Target Strategy:
Measure the length of the pole (initial sharp rally).
Project the same distance upward from the breakout point.
Example: If the pole is ₹150 long, add ₹150 to breakout price for target.
Stop-Loss Strategy:
Place stop-loss just below the flag’s lower boundary.
This protects against false breakouts while keeping risk limited.
📝 Key Takeaways
Flag & Pole = Bullish Continuation.
Entry on breakout, target = pole length, stop-loss below flag.
Sharda Cropchem shows this setup, offering a strong risk-reward opportunity if breakout sustains.
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