NIFTY : FLAG & POLE

On closing of "8th Sept.'23' trading session...

Bullish Flag & Pole

1. Took 48 trading sessions to complete this pattern..

2. Now, expecting 7.21% up-move after Break-out

3. TGT to achieve in 48 Days after Break-Out (4th Sept.23)
i.e. in between 2nd OR 3rd week of November'23.

REASOND WHY THIS PATTERN IS BULLISH FLAG & POLE

• Trend between June to July was a sharp move in uptrend and after that it goes into consolidation phase.
  
• On 2nd September it give breakout of previous consolidation phase which confirms the breakout of "flag & pole" pattern.
  
• Volume - Firstly increases between June to July, Secondly during consolidation volume declines slightly and after breakout there is sharp increase in volumes.
  
• Now, the TGT for this pattern is mentioned in above para "3." point .
  

Important Note : RSI TGT is far above, will discuss it once this pattern's TGT achieved.