Yes2Profits

CENTENKA: Flag and Pole Bullish Formation

Long
NSE:CENTENKA   CENTURY ENKA
The stock is forming the classic Flag and Pole Formation. The volume is consolidating between 385 and 425, and is soon expected to breakout for a target of 455, and can move ahead to 490.

Supporting Technicals:
RSI: 67 ( Bullish but not overbought)
ADX: 51 (Indicating Strong Trend)

Suggested stop loss is 380
Trade closed: target reached: Target 1 achieved on 12th July 21
Trade closed: target reached: Target 2 reached on 30th July

Comments