RKFORG | Flag breakout opportunity (Small position size please) - Looks good for 40%
Taking based on only technical chart setup - Fundementally slightly weak company as EPS is in negative.
Similar to WELSPUNIND, TATACOFFEE patterns.
CMP : 642 (Dip : 600)
SL : 540
Target : 850
Granules India is trading in lower-highs Structure. Even stock has not participated in recent upward move in overall Market. My first Targets would be 305-308 levels .After that if stock starts trading below 290 levels then it can touch 190 levels. My Initial Stop would be 350 on DCB.
