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manuvsingh
May 15, 2021 6:55 PM
Sunflag Iron: Two MultiYear Resistances BO by one Candle
Long
NSE:SUNFLAG
1W
SUNFLAG IRON & STE
NSE
Description
⋅
May 15, 2021 6:55 PM
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
Double Top or Bottom
Support and Resistance
Candlestick Analysis
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