Jindal Saw Ltd. gave a breakout on daily chart dated 8th March 2023. This breakout was preceded by a consolidation and a rally. The breakout candle is supported by volume. This has formed the Up-Flag price pattern. The anticipated price target is Rs.198 and stop loss is Rs.157. The RR Ratio comes to 6.
NOTE: THIS STUDY IS PURELY ACADEMIC AND DOES NOT INTEND TO...
The daily chart of Finolex Cables shows the price breakout on the modified up-flag price pattern yesterday on 23/02/2023. The price gave the breakout after a consolidation of 5 daily candles. This consolidation was preceded by rally. The price target is estimated at INR 828 and the R/R Ratio is 4.
Note: This is purely academic study and does not intend to give...
