SUNFLAG trade ideas
Sunflag Industries Wedge pattern on daily chartA rising wedge is being formed on daily chart for NSE:SUNFLAG
Need to see if the upper line of resistance is respected by the price, or it breaks this pattern
SUNFLAG - Hits all time high !1. Stock is trading at All time high, breaks out multi year resistance.
2. Stocks with these kind of break out will generally double in few months.
3. Company had announced its Excellent Q1 numbers recently.
4. This stock is good long term bet.
Note: Please do your own analysis before taking your position. Happy investing.!
