Dpk.Htkr
Long

Potential Bullish Flag Setup

NSE:UNITECH   UNITECH LIMITED
There is a potential BULLISH FLAG setup on Unitech Ltd. The price is finding support at around Rs . 6.30. If the price breaks out of the consolidation, we could look to take our proft at around Rs . 11.00 which is the exact hight of the Flag's Pole!
Comment: Unitech should take support at the bottom trendline. If it breaks and closes below the trendline, we do not have a trade because then it means that Unitech wants to go even lower!
Comment: Unitech Ltd. takes support as expected! Let's see if we get a break-out.
Trade active: Price breaks the Upper Trend Line. Go long!
Comment: The price retraced a bit and is finding SUPPORT at the .768 Fibonacci Retracement of the recent swing. The price may continue it's UPWARD MOVE from this level. I'll keep an eye.

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Dpk.Htkr
Trade closed: target reached
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