Flag pattern !!
After a marathon rally from 150 levels to 300 levels in 2 months (Jun - Aug), stock has been consolidating for almost 4 months and has formed flag pattern on weekly chart.
One can keep the stock in watchlist and wait for any breakout above 270 levels on daily CB, for the target of 320+ (20%) in short to medium term.
Kindly do your analysis before initiating trade.
One can keep the stock in watchlist and wait for any breakout above 270 levels on daily CB, for the target of 320+ (20%) in short to medium term.
Kindly do your analysis before initiating trade.
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