$NSE:BALKRISIND Bullish flag pattern on a weekly chart

2024년 7월 29일

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.

2024년 8월 16일

거래청산: 스탑 닿음

Unfortunately the stop got hit