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raigvivek
Jul 3, 2023 4:19 AM

Bulish Flag & Pole B/O in Z.F.Steering Long

Z.F.STEERING GEAR (INDIA) LTD.BSE

Description

A bullish Flag and Pole B/O has been seen on the weekly chart of BSE:ZFSTEERING It is als consolidation within the Ascending Triangale also.

As per the current breakout structure of flag and p[ole one look in to it to create a fresh position at cmp with a SL 590 for first target of 690. The tragts may be more hisher when it gives the breakout of the Ascending Trinagle. I will update accordingly.


Exit the position if the stop lss triggered on Weekly closing basis.

The risk reward ratio for the trade is 1:2 and more if ascending triangle breakout happen


Expecting a small favour from you to like, sahre and prmote the idea.

Your comments are most welcome.

The idea is for Educational Purpose only.

Trade closed: target reached

Target reached in this week only.


Happy Investing.....
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