Pokarna is bullish an having a pole and flagt formation,target 1563
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if we consider this flag, get a target 2000
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dinsha
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I will appreciate f you can explain in detail how falg and pole pattern formed and when?
padiyara
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@dinsha,
Bullish Pole & flag formations are found in stocks with strong uptrends as well as, after a long consolidation period even.
They are called bull flags because the pattern resembles a flag on a pole. Pole is the result of a vertical rise in a stock and the flag results from a period of consolidation.
The above chart is in daily time frame and the price & time is spread acroos, But if you are looking at the weekly or monthly chart, it is very obvious.
when a google search search can give you better idea, why you want to appreciate me??? :D or if it is you objection your are reflection, I welcome that.