A FLAG PATTERN NOTICED IN TATA MOTORS
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 is a sharp price movement followed by a sideways price movement.
This pattern is then completed when another sharp price movement heads in the same direction as the move that initiated the trend. Flag chart patterns are usually short lived, lasting generally between one and three weeks.
Buy Tata Motors - if you can catch below 165
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 is a sharp price movement followed by a sideways price movement.
This pattern is then completed when another sharp price movement heads in the same direction as the move that initiated the trend. Flag chart patterns are usually short lived, lasting generally between one and three weeks.
Buy Tata Motors - if you can catch below 165
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