Chart showing accumulation after a ralley, Stock is trading above its 50DEMA, expecting breakout of flag and pole pattern.
A Long at these levels can be initiated using cash segment or even in MAY futures.
TGT for futures and cash are indicated in the chart.
As of today May futures trading near 1726-35- TGT will be 1800-1810.
SL below 50DEMA.
Inverted head and shoulders pattern seen in the stock.
Stock has broken out, retested and now started trading above 50DEMA for a potential upside tgt of 3435, 3565
Can be traded using May Futures/ Cash segment.
