breakout has been done in idfc bank
now flag pattern making
The flag pattern occurs when a trending price pauses and goes back over slightly in a rectangular range.
This pattern allows us to enter the market in the middle of a trend.
The break out in price continues its original strong trend, giving us the chance to enter that trend at a better price than before the flag's formation.
How To Identify Bullish Flag Patterns?
The chart below is an illustration of the bullish flag chart pattern.
Bullish Flag Chart Pattern
The price experiences a strong uptrend. Then it stabilizes into a rectangular range that slopes downwards.
Then there is a break out of that range, and the uptrend continues.
now flag pattern making
The flag pattern occurs when a trending price pauses and goes back over slightly in a rectangular range.
This pattern allows us to enter the market in the middle of a trend.
The break out in price continues its original strong trend, giving us the chance to enter that trend at a better price than before the flag's formation.
How To Identify Bullish Flag Patterns?
The chart below is an illustration of the bullish flag chart pattern.
Bullish Flag Chart Pattern
The price experiences a strong uptrend. Then it stabilizes into a rectangular range that slopes downwards.
Then there is a break out of that range, and the uptrend continues.