SUNFLAG trade ideas
cup and handle in this metal counterthe counter is SUNFLAG IRON and its showing good signs . if we want to look into pattern it looks like a cup and handle breakout . if it retest the breakout zones again then it will be a good place to add with stop loss with recent swing low (42). i am hoping in medium term it might reach to 75/80 levels
DAILY SWING CALL // Monday 4th of January 2021 // NSE: SUNFLAGDAILY SWING CALL // Monday 4th of January 2021 // NSE: SUNFLAG
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 64.05
TARGET: 73.65+ (15% Around)
STOP LOSS: 57.5(10% Around)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period, but if SL / Target are not triggered and you still
wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks
SUNFLAG Trendline BO NSE:SUNFLAG Levels already mentioned.. Intraday to positional..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
Investment Opportunity (100% Returns Potential)All things are explained on the chart.
Mid Term (6 Months to 1 Year Time Frame)
SUNFLAG on a BREAKOUTSunflag Iron has given a breakout on the weekly chart from horizontal resistance on good volumes. Prospects look good. Keep a stop loss below 50 and target 69, 90.
Disclaimer: I am not a SEBI registered advisor. This is only for educational purpose.
SUNFLAG | Cup & Handle breakout - Can see 35%SUNFLAG | Cup & Handle breakout - Can see 35%
CMP : 55 ( Any dip upto 51 is a buying opportunity)
Target : 75
SUNFLAG STARTED ITS JOURNEY Look cup and handle pattern also in short time breakout in trangle pattern.
Sunflag#Sunflag looks like accumulation going on.. big buy volumes at regular intervals. followed by low volume correction. would keep watch on it..
keep eye on 48.2 levels. keep eye on 48.2 levels. if closed above that distinctively, then it might become blasting candidate!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
SUNFLAG/ LONG/ SHORT TERM/ ENTRY 54/SL 51.5/ TARGET 59-64SUNFLAG LOOKS GOOD LONG AT 54 WIT STOP LOSS OF 51.5 FOR TARGET OF 59 TO 64
PERSONAL VIEW FOR EDUCATIONAL PURPOSE ONLY
