Bharat Electronics potential 25% bullish move

Bharat Electronics has a 40% flag pole, the flag had an 18% breakout due to an order block. However, a bullish flag retest pattern has recently been formed. The original volume imbalance caused the price to return to 196. There has been another volume imbalance formed at 208, thus it is likely that price will return to 208. The stock has currently returned to a bearish F.V.G at 198, thus price will likely fall to 192 and return to the bullish F.V.G as well. when this occurs, If price doesn't have a bearish breakout at the support level a strong bullish move could occur. This is due to the strong support level, the volume imbalance and the bullish F.V.G. Due to the original flag pattern we can predict a 25-40% bullish move in this scenario if the previous high is broken. A safe entry would be at 194 with a 1:3 risk-to-reward ratio.

Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.