OIL INDIA – BULLISH FLAG PATTERN

Dear All,

Hope you all made awesome money in PSU Banks specially my pick “Canara Bank”.. Thanks to Finance Minister.. !!

Now There is another Setup which came to my radar..!!

“OIL INDIA – BULLISH FLAG PATTERN”

Below is the Chart for your reference !

So Trade Setup is given below –

Buy above 354.. Add more on dips around 340 Target 400-420 ! 

Will Update the Stop Loss If Triggered !!

Regards

Sid

Learning Here – “Bullish Flag Pattern”

Flag: A flag is a small rectangle pattern that slopes against the previous trend. If the previous move was up, then the flag would slope down. If the move was down, then the flag would slope up. Because flags are usually too short in duration to actually have reaction Highs and reaction Lows, the price action just needs to be contained within two parallel trend lines.

Disclaimer

I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.