Flag breakout Buy Prakash Industries

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.

Komen:

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

Dagangan ditutup: sasaran tercapai:

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