Flag breakout Buy Prakash Industries

21. Jan. 2017

The stock moving vertically after giving the triangle breakout and formed a beautiful pole. The Flag pattern has given breakout with good volume after 5 days of consolidation. One can buy the stock for a target of above 75. One can even continue the stock as there is no resistance. Flags with upward breakouts do well at yearly high which is the case here.

27. Jan. 2017

Kommentar

Target has reached but continuing it with trailing stop loss as mentioned in the post there is no overhead resistance.

3. Feb. 2017

Trade geschlossen: Ziel wurde erreicht

Closed the trade with good profit on second target. Patience paid this time.