How to profit from High tight flag pattern för NSE:TCI av ObliviousChart

trendanalysis chartpattern hightightflag

The high tight flag chart pattern is an extremely bullish formation.
It is formed once a stock rises sharply by 50-100% within a few weeks or 1-3 months.
After that stock pullback is small i.e. 25-30%
In the next step the price tightens up i.e. small candles or less volatility in the price
Finally, the stock breaks out with heavy volume
The stop can be low on that day. Once the stock breaks out trail your stop loss to 10-20 SMA.
This setup can be highly profitable for the traders.

I found this setup for TCI and it worked as expected.
Hope you like it.

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