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A flag chart pattern is a technical analysis term referring to a chart pattern that gets created when a steep rise is followed first by trading in a narrow price range and then finalized with a second steep rise. If a rise precedes the "flag", then a rise is likely to follow it. Flag chart patterns are short-term continuation patterns that are formed when there...
TATA MOTORS HAS STARTED UPTREND FROM 106....BUT NOW IT HAS FORMED A UPTREND CHANNEL ...AND PRICE MOVING INSIDE THE CHANNEL.. AS PER ANALYSIS..NOW CMP IS 126.85 POSSIBLE TO MOVE DOWN TILL 120 TO 119 FOR THE NEXT COMING WEEK AND IT WILL START BOUNCING FROM 119-120 TO UPTREND 150 BY NEXT MONTH....WILL SEE......
- Bounce from Support - Breakout & Retest of falling Down Trendline confirmed - SL / invalidation level 1ATR below recent LOWs.
Strong Support 136 of year 2011, Upside Trgt 176 Approx NO Recommendation for entry .
A diagonal Triangle pattern may be on verge of completion in Tata Motors. Diagonal Pattern is a reversal pattern that leads to prices completely reversing the distance traveled by the pattern. The pattern has been traced between 192 and 163.5. We may expect the prices to move back to 192 level once the pattern completes and prices breakout. The time taken to...