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Wavozen
Nov 15, 2022 4:20 PM

7062 Flag and pole set up Long

PODDAR PIGMENTSNSE

Description

Reason for long
1. Market structure - bullish and long term consolidation range bound market
2. Consolidation before the Breakout : 1 week mini consolidation as flag
3. Support-Resistance levels: Entry near support
4. Supply-Demand zones: Demand zone as evident by volume
5. Location of 200MA or 200EMA: horizontal
6. Overlap with a Fibonacci level : Not applicable
7. Candlestick pattern and the size of candles : flag and pole set up
8. Chart pattern: long term channel breakout
9. Volume expansion: vwap support

Trade closed: stop reached

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