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GIF CHART OF RAMCO CEMENT

It Recently Made A Flag Pattern .The Flag Pattern Is Used To Identify The Possible Continuation Of A Previous Trend From A Point At Which Price Has Drifted Against That Same Trend. Should The Trend Resume, The Price Increase Could Be Rapid, Making The Timing Of A Trade Advantageous By Noticing The Flag Pattern.

KEY POINTS

  • A Flag Pattern, In Technical Analysis, Is A Price Chart Characterized By A Sharp Counter Trend (The Flag)  Succeeding A Short-Lived Trend (The Flag Pole).
  • Flag Patterns Are Accompanied By Representative Volume Indicators As Well As Price Action.
  • Flag Patterns Signify Trend Reversals Or Breakouts After A Period Of Consolidation.

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