A wonderful swing trade opportunity for 30% return
Swing trade with both technical and fundamental conviction!! A flag and pennant pattern is formed in Saksoft and once it is broken, we can see a good upward move.
CMP is 666 and it should be bought for a target of 860. Target is calculated using flag pattern height. SL will be 600 on a closing basis.
Target might take 1-2 months to hit.
Saksoft is a really good IT company and the companies sales, profit, EPS is increasing for many years which indicates good fundamentals.
Do hit the LIKE button if you liked the analysis and FOLLOW for regular swing trading ideas.
Happy Trading :)
CMP is 666 and it should be bought for a target of 860. Target is calculated using flag pattern height. SL will be 600 on a closing basis.
Target might take 1-2 months to hit.
Saksoft is a really good IT company and the companies sales, profit, EPS is increasing for many years which indicates good fundamentals.
Do hit the LIKE button if you liked the analysis and FOLLOW for regular swing trading ideas.
Happy Trading :)
Trade closed: target reached:
Target achieved in just 22 days!
