manuvsingh

Sunflag Iron: Two MultiYear Resistances BO by one Candle

Long
NSE:SUNFLAG   SUNFLAG IRON & STE
NSE:SUNFLAG
Single Weekly Candle gave Multi-Year Breakout above two resistance levels of 71 and 78.
Rounding Bottom Pattern with a Double Bottom .
Golden Cross Over complete.

Buy : CMP-66
Target : 95-128
Support : 71-66
SL : 64
R:R - 1:4

CMP > 50 & 200 SMA
RSI > 55 on Weekly & Monthly chart

Ascending Parallel Channel Formation on Daily Chart give short-term target of 95