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ObliviousChart

How to profit from High tight flag pattern

Formación
TRANSPORT CORP OF (NSE:TCI)  
ObliviousChart  
NSE:TCI   TRANSPORT CORP OF
Trend Analysis Chart Patterns hightightflag
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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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