Sportking - 8 ka funda 100>200 fOR bIG tARGETS 300 day
1) Near Trendlinge
2) Breakout possible on Higher timeframe
3) Already consolidated by low volumes
Scrip probably has made its bottom and trend is trying to reverse towards upward journey. Risk /Reward ratio is 1:4.6 till previous all time high weekly close and 1:9.7 if it breaks previous all time high weekly close. From current price it has potential to give return of 110% and if it gives break out than 240%.
I have tried to plot probable moves in future...
Sportking, incorporated in February 1989, is a part of the Sportking Group. The company manufactures cotton, synthetic and blended yarn in counts ranging from 20s to 46s. It has manufacturing units in Ludhiana and Bathinda, both in Punjab. The company has large size capacity of 2.75 lakh spindles and dyeing capacity of 20 tonne per day. It manufactures value-added...
BSE:SPORTKING
Flag and Pole Detail Explanation:
Flag Pattern is one of the most popular chart patterns, formed by price action, which is contained within a small rectangle or a channel in the shape of a flag.
Flags are short-term continuation patterns that mark a small consolidation before the previous move resumes.
What is 'Flag' Pattern?
A flag chart...
When Stock breakout trendline or sustain Demand zone then we confirmly say that stock is ready for going up . currently stock was deciding where to go. It very important time to decide the trend because currently we see that stock is in down trend & this is a time when trend is changing .
