A bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GOKEX
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing...
I mentioned details on the charts above.
a) Conservative Trader can wait for some retracement around 437.
b) Risk lovers can go long at CMP.
SL DCB 430.
CMP 462.
Target 547.
Rationale
1) Volume is very high, chart structure is strong.
2) Consistently have been trading above EMA 21 days since 2021 May weekly basis.So seems a good stock following a market...
#GOKEX
Gokaldas exports
Added for long term portfolio.
Having reputed customers like customers like GAP, Walmart, JCPenny, Adidas, H&M, Mark Spencer, Sanmar, Puma, Old Navy
Past 3 quarters have been good.
This qtr nearly doubled.
Although, Today and prev trade day candle have shown too much strech, hence, better to add light position.
Also, broader...
