johntradingwick

Sudarshan Chemicals - Bull Flag + Volume expansion. BO soon.

Long
NSE:SUDARSCHEM   SUDARSHAN CHEMICAL
Key Highlights:

1. Bullish market structure - HH, HL
2. Massive volume expansion
3. Moving in a Pennant . Completing the Bull flag .
4. Currently at a major resistance zone
5. Close above 720 will trigger a good rally
6. Target: 791, 870. Stop Loss: 640

I have made an illustration on the left-hand side, to explain the bull flag /flag & pole pattern.

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

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