Trade rationale

Other – Study mentioned in Notes Below

Flag and pennant pattern. Expecting minimum 10% target (1677.6) with stoploss of 4%, (1:2.5 risk reward ratio) from a short term perspective. Theoretical target is 1780. [1525+255.8(range)=1780.8] (long term target) Exited the trade on 9th march 2021 as prices didnt give a closing above the upper trendline of the flag