VCP breakout + Flag continuation

Technical View :

Mayur Uniq gave a breakout from 4 legged VCP with excellent volumes recently.
After breakout, it made a pole and flag pattern, with 18% pole size.
If the flag breaks with good volumes, this can be considered a continuation pattern.

Fundamental View :

It is a leading player in organized leather industry with 60% revenue from Auto sector, which has been doing excellent lately.

Strong sectoral tailwinds with 18% Revenue CAGR guidance on improving margins further reinforce the continuation thesis.

Strategy :

Have added a test buy position, and will scale up if breakout sustains.
Keeping a close stop loss is crucial in case pattern reverses.

Disclaimer : It is not an investment advice, only for sharing how I view setups and decide how/when to enter/exit. Please do your own research.
Thank you for reading :)


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