Flag breakout Buy Prakash Industries
Updated
The stock moving vertically after giving the triangle breakout and formed a beautiful pole. The Flag pattern has given breakout with good volume after 5 days of consolidation. One can buy the stock for a target of above 75. One can even continue the stock as there is no resistance. Flags with upward breakouts do well at yearly high which is the case here.
Comment
Target has reached but continuing it with trailing stop loss as mentioned in the post there is no overhead resistance.Trade closed: target reached
Closed the trade with good profit on second target. Patience paid this time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.