Himadri Speciality forming probable flag and pole pattern

varun_devadiga Updated   
Himadri Speciality is forming flag & pole Pattern in a daily chart frame.

If today's candle close above 88 range, then we can see a clear breakout and it should confirmed by next day candle.

After this breakout stock will test 93 range first, once it break 94 range, it has a potential to reach 112 range as per the pattern.

Ideal SL will be below 78.

Wait for supply zone breakout for the confirmation.

This is just a View, not recommendation to trade, do your own analysis before taking any trade.

Trade active:

On 2nd Aug we saw flag breakout, But candle was not good enough to confirm buyers Control. 89.50 was a high for 2nd Aug. after that there was a consolidation till 4th Aug.

Now previous Supply Zone(82-86 Price) acted as good support, which confirms buyer were still in control.

Today we saw a good momentum in the morning session, even stock made a high of 98 also.
But in the afternoon, upside movement was not that much strong ( Put 1hr chart for more clarity picture).

Our 1st target is achieved(93), For the further upside move stock has to close above 94-98 Range.

Now, 86-90 Level must act as support.

Volume Spike also we can See in today's candle.
Trade active:

T2 also achieved.

Today Stock closed above the phycological price level 100(100.90) and made a high of 102.50.
After 3 years (End of July 2019), stock is successfully crossed 3 Digit Number.

In coming days stock has to close above 103 level, then pattern target (T3) can achieved.

91-93 range is immediate support zone now.

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