The small daily flag mentioned in above post failed and the stock price broke below the lows of the flag at 1242 and went down to post a low of 1193 and recovered today to close at 1261. It retraced nearly 50% of the previous upmove. On the medium to long term the bullish structure seems intact, but on daily time frame, stock price has undergone sharp correction. Need to watch next few days how it plays out. (disc; invested. no trades in last month)
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