This chart is on the request of a well wisher. Credit to him for spotting another good chart after Kirloskar Ferrous.
While the stock has run up quite a lot, one may think that it has reached a point of saturation but I believe, the stock is turning around again to form a continuation pattern (Flag Pattern / Pennant pattern) and the journey continues.
This could be a very explosive stock "if it breaks out with good volumes". This stock should be on everyone's watch list in the coming days.
I will update the thread on the quality of its breakout if and when it does.
While the stock has run up quite a lot, one may think that it has reached a point of saturation but I believe, the stock is turning around again to form a continuation pattern (Flag Pattern / Pennant pattern) and the journey continues.
This could be a very explosive stock "if it breaks out with good volumes". This stock should be on everyone's watch list in the coming days.
I will update the thread on the quality of its breakout if and when it does.
Comment:
Results today - Stay Cautious
Trade closed manually
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
