GRASIM has formed a FLAG AND POLE pattern on the Daily 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 15% from the current price level in medium term.
Stock is trading above its 11 & 22 day EMA. RSI is at 69, signalling positive momentum.
CMP- Rs. 2804
Target Price- Rs 3200 ( 15% upside)
SL - 2704
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 15% from the current price level in medium term.
Stock is trading above its 11 & 22 day EMA. RSI is at 69, signalling positive momentum.
CMP- Rs. 2804
Target Price- Rs 3200 ( 15% upside)
SL - 2704
Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.