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pradipandsuvra

Specialty Restaurants: Multi-timeframe breakout

Long
SPECIALITY RESTAUR (NSE:SPECIALITY)  
pradipandsuvra Updated   
NSE:SPECIALITY   SPECIALITY RESTAUR
Trend Lines Flag indianstocksanalysis stocktowatch specialityrestaurants
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trendline flagpattern indianstocksanalysis stocktowatch specialityrestaurants
SPECIALITY is showing an interesting multi-timeframe breakout:

  • In Daily timeframe, it is showing a clear breakout of falling trendline.
  • Volume is high
  • RSI shoot up from 50 to 71
  • Interestingly in the hourly chart also the pole-and-flag patten breakout happened with volume buildup.
Comment:
Trade:
BUY above 238, SL: 234, T: 242/246
SELL below 231, SL: 234, T: 228/225
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