ACE

- Flag pattern

is forming a flag pattern as it has formed previously and gave upside breakout. A Flag Pattern in technical analysis is a short-term continuation pattern that forms after a strong price move. It appears as a small rectangular consolidation that slopes slightly against the prior trend. The initial sharp move is called the “flagpole,” while the consolidation forms the “flag.” Volume typically declines during consolidation and expands again on breakout. A breakout in the direction of the prior trend signals potential continuation of momentum. Hence above 1050 or at lower levels this stock is attractive.