Arshad_Khatib

SUNFLAG at Good Breakout zone

Long
Arshad_Khatib Updated   
NSE:SUNFLAG   SUNFLAG IRON & STE
SUNFLAG

SUNFLAG was Consolidating from last one month of trading sessions.
And From past 7 Trading Sessions It is gaining good volumes.
IF it sustains above 95 at Day Closing with Good Volumes we would Buy it.

Our Targets Would be 100++ - (All time Highs) -115-125
For Holding Period Of Few months.
Stoploss will be day closing below 88.85-87

For Holding of more than 6 Months
Targets will be 140-150++

The Stock Has Good Fundamentals too
The current Price is less then the Intrinsic Value
The stock is not in over brought zone
The Revenue and Profits are Increasing YOY
At Good Valuation then the Sector
Stable Stock

(This Research is Only For Educational Means I request you to please make your own research too before investing
we are/would be not responsible for any profit or loss)

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Comment:
TODAY IT JUST TESTED THE BUYING LEVEL BUT DIDN"T SUSTAIN ABOVE
We are shifting Our Buying Levels to Buy Above 96 on Day closing basis.
Order cancelled:
The stock didn't gave a closing above the given buying levels.

Double top pattern on day chart has Executed
So I don't think that our Buying Levels would Come in this Week.

Fall is Expected till 80-76
Comment:
As I said the Fall came upto 77

We canceled the Order because it didn't gave breakout closing above 95-96

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