#UMANGDAIRY #stockmarket Flag pattern breakout retest 25% return#UMANGDAIRY
NSE:UMANGDAIRY
CMP: 58.80
Target: 73++
Might hold above 73 as well.
Stop Loss: 48
Time frame: Less than 2 months.
Keep trailing stop loss.
Factors:
Rising Volume with rising Prices.
Channel Median breakout.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher High & Higher Low.
Broken above resistance.
Trading at support.
Fundamentals are strong.
Risk Return Ratio is healthy.
And
Bullish Wedge FLAG formed.
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With 💚 from Rachit Sethia
PRABHAT
Prabhat Diary - Inverted Hammer on Support of Ascending TriangleNote: This is for educational purpose only.
There is an inverted hammer & bullish engulfing at support of ascending triangle. You can place a market stop order above the high of the inverted hammer. RSI is 52 which is still in neutral zone.
Prabhat diary is started swing back Prabhat diary is started swing back and short term target can be reached in week to 10 days or even below. and may breakout can also happens due huge volume accumulating from few days.
