tradewithamey_

Carborundum-A quick breakout swing trade

Long
NSE:CARBORUNIV   CARBORUNDUM UNVRSL
Logic:Breakout retest done and fresh flag breakout of consolidation
Targets are based on Fibonacci retracements.

Company has strong fundamentals. Good stock to invest on dips as well.
Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.