praveen.bhatiya

Flag (Pennant) Pattern Long !

Long
NSE:UTTAMSUGAR   UTTAM SUGAR MILLS
Beautiful Pennant pattern gave breakout with higher volume two days ago. It is retracing which offers a good opportunity for short term gain. Mostly the Pennant is formed in half way which means that price may move as much as before forming the pattern. Stop Loss 68 Target 85. Risk to reward ratio is quite reasonable.

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