A combination of Flag breakout and Multi year breakout in charts

The stock has broken out of both the above patterns and has a weekly close above the resistance line. Targets in such structure usually is the length of the pole. Also in such breakout the resistance line could be retested before further upmove.

Please note I am not a SEBI registered Analysis. One should do their own analysis before taking a position in the stock

Kommentera:

Two resistance levels at 127 and 142.5 after which the stock will move freely for sometime.
With the larger time frame confirming breakout it is more likely to sustain.

Trade stängt manuellt:

Stock at 130 levels . Today it is the results day hence taking the profits and exiting. will re-enter .