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Everest Organics Is it Trading in a Flag Pattern?

Discussion in 'Technical Analysis' started by sakhashinde, Dec 10, 2020.

  1. sakhashinde

    sakhashinde New Member

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    Everest Organics Is it Trading in flag pattern? everest1.png ding in a Flag Pattern?
     
    sakhashinde, Dec 10, 2020
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  2. shabbir

    shabbir Administrator Staff Member

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    No. In a flag pattern the flag is more like a horizontal and seldom a down slopping trend line. However, a break out above 305 will make the picture clearer.
     
    shabbir, Dec 11, 2020
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  3. sakhashinde

    sakhashinde New Member

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    Thanks
    is it falling channel?
     
    sakhashinde, Dec 11, 2020
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  4. jazeelfarooq

    jazeelfarooq Active Member

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    Relaxo Daily chart showing Flag pattern ? from 13 Nov-20 to 10-12-20
    upload_2020-12-11_11-59-56.png
     
    jazeelfarooq, Dec 11, 2020
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  5. shabbir

    shabbir Administrator Staff Member

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    No I see it as a triangle or wedge pattern.
     
    shabbir, Dec 11, 2020
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  6. jazeelfarooq

    jazeelfarooq Active Member

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    Ok, how can differentiate between flag pattern and symmetrical triangle pattern in this case
    Any easy way
     
    jazeelfarooq, Dec 11, 2020
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  7. shabbir

    shabbir Administrator Staff Member

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    With practice.
     
    shabbir, Dec 12, 2020
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