praveen.bhatiya

Flag breakout Buy Prakash Industries

Long
praveen.bhatiya Updated   
NSE:PRAKASH   PRAKASH INDUSTRIES
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.

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