SUNFLAG can be long for 25% Rt on WTFHi,
NSE:SUNFLAG is a holding company, which engages in the manufacture and trade of iron and steel products. It offers flat, round, and bright bar, wire rods of alloy, spring, and stainless steel. The firm's products are mainly used for the manufacture of Automotive Transmission Gears, Drive Shafts, Steering System, Bearings, Exhaust System and Engine Components through hot forging, cold forming and machining operations. The company was founded by Satyadev Bhardwaj on September 12, 1984 and is headquartered in Nagpur, India.
An On Neck Pattern is activated on the weekly chart of NSE:SUNFLAG which probably fetch more than 25% return in coming weeks.
On can create a long position in the scrip near CMP of INR 239 or below with stop loss of 206 on weekly cloasing basis for a target of INR 273 and 307
Exit the position if the stop loss is triggered on WCB.
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