Trendz9

Steel Strip Wheels Flag pattern.

Long
NSE:SSWL   STEEL STRIPS WHEEL
Stock was in consolidation for three years , before giving consolidation break out. In July 21 and August 21 it had rallied from 75 Rs to 190 Rs making pole of Flag pattern. From Aug 21 it had coutinously consolidated between 190 to 140. During consolidation it had made lower high of 191 , 187, ans 175 making top of Flag pattern . Yesterday it had broken above 175 with good volume, and completed the flag pattern. Since this analysis is based on 3 year movement of stock it can take long time for target of Flag pattern which is placed at 235 ( hight of Flag ).SL should be kept the lower high of top of Flag which 175.

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