PANCHMAHAL STEEL LTD.
Long
Updated

11792 Pole and flag set up

Reason for long
a) Pole and flag set up
b) Bullish engulfing
c) Open = Low
d) Weekly breakout
e) Volume spurt
f) SL compulsory
Fundas not great

Challenges are
a) Intraday volume is very low
b) Growth is very slow and Hence SL compulsory

c) Purely technical and no in-depth fundas
Note
T1 done
Trade closed: target reached

Disclaimer