Advanced Enzymes - Flag Breakout
Bullish Flag.
But breakout candle is with a long tail.
Good Volume. No doubt.
Need to cross the 228 - 230 levels with good candle being good portion of candle body to be above 230 and close above 230. Then possible for 50 to 55 Rs move as post is 225 - 160 = 65 Rs.
Above 230 i will look for a 280 - 285 as target.
This is good company but not for quick profit looking traders.
Swings wildly. So need patience.
But breakout candle is with a long tail.
Good Volume. No doubt.
Need to cross the 228 - 230 levels with good candle being good portion of candle body to be above 230 and close above 230. Then possible for 50 to 55 Rs move as post is 225 - 160 = 65 Rs.
Above 230 i will look for a 280 - 285 as target.
This is good company but not for quick profit looking traders.
Swings wildly. So need patience.
But knowing this stock i will wait today close.