praveen.bhatiya

Beautiful Flag Pattern : wait for the breakout ZEEL !

Short
NSE:ZEEL   ZEE ENTERTAIN ENT
Beautiful Pole has been formed and a flag is in making. If it gives breakout and closes out of Flag boundaries only then the trade should be initiated but one can put the stock in watch list and prepare for the trade. Clearly on the last day of the pole the volume was the highest and so should be on the day of breakout for a good Flag pattern formation. Good Luck
Order cancelled: Didn't give proper breakout (Volumes were less considering the settlement day) so am skipping the idea of trading it.