A Bullish Flag is a technical analysis pattern that suggests a potential continuation of a bullish trend. Here's a description of the Bullish Flag pattern in Eicher Motors:
Pattern Description:
Flagpole: The stock price of Eicher Motors has been in a strong uptrend, forming a flagpole (a sharp, almost vertical rise in price).
Consolidation: After the flagpole, the stock price has consolidated within a narrow range, forming a flag (a rectangular or triangular shape).
Upper and Lower Boundaries: The flag has upper and lower boundaries, which are roughly parallel to each other.
Breakout: The stock price is expected to break out above the upper boundary of the flag, continuing the bullish trend.
Pattern Description:
Flagpole: The stock price of Eicher Motors has been in a strong uptrend, forming a flagpole (a sharp, almost vertical rise in price).
Consolidation: After the flagpole, the stock price has consolidated within a narrow range, forming a flag (a rectangular or triangular shape).
Upper and Lower Boundaries: The flag has upper and lower boundaries, which are roughly parallel to each other.
Breakout: The stock price is expected to break out above the upper boundary of the flag, continuing the bullish trend.
註釋
target reached
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