Stock has history of moving in Flag and Pole Pattern. Pole and Flag has been created on weekly Chart, base of pole 101.3 and high of pole is 234, difference 133.
Flag breakout area is around 195. ENTRY ABOVE: 195 So Target should be 195+133 i.e 328 Stop Loss: 168.8 (Weekly Close). Will Update Trailing Stop loss whenever required. Duration: 1-2 Years
People who have entered at lower level as per my previous post can wait for breakout and keep trailing.
Fundamentally 300 looks Fair Valuation since co has posted good Sales and profit figure this quarter. Stock can fetch higher Valuation if there figure keeps on improving.
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코멘트
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Entry Trigged on Fridays Close 12-06-2021 i.e Closing Price of 200.3
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액티브 트레이드
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Stock on the move.
Use New Trailing Stop loss of 191.7 (Weekly closing basis)
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액티브 트레이드
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Use New Trailing Stop loss of 225 (Weekly closing basis)
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position. Please like Share and Comment if you like our work.