praveen.bhatiya
Long

Flag breakout Buy Prakash Industries

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.
Jan 27
Comment: Target has reached but continuing it with trailing stop loss as mentioned in the post there is no overhead resistance.
Feb 03
Trade closed: target reached: Closed the trade with good profit on second target. Patience paid this time.

Comments

thank u sir..
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@asif06542, You are welcomed!
+1 Reply
@asif06542, Have you traded it?
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asif06542 praveen.bhatiya
@praveen.bhatiya,
no, sir i am new year, jst few days..but found this place very helpful bcoz of u all..so wanna say thankx to all of u please keep sharing..and i am learning from your charts..
Thank You..
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