Rachit_Sethia

#UMANGDAIRY #stockmarket Flag pattern breakout retest 25% return

Long
Rachit_Sethia Updated   
NSE:UMANGDAIRY   UMANG DAIRIES
#UMANGDAIRY
UMANGDAIRY
CMP: 58.80
Target: 73++
Might hold above 73 as well.
Stop Loss: 48
Time frame: Less than 2 months.
Keep trailing stop loss.

Factors:
Rising Volume with rising Prices.
Channel Median breakout.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above resistance.
Trading at support.
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge FLAG formed.



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With 💚 from Rachit Sethia
Trade closed: target reached:
Target reached

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