Finolex Cables - Modified Up-Flag Breakout on Daily Chart

The daily chart of Finolex Cables shows the price breakout on the modified up-flag price pattern yesterday on 23/02/2023. The price gave the breakout after a consolidation of 5 daily candles. This consolidation was preceded by rally. The price target is estimated at INR 828 and the R/R Ratio is 4.
Note: This is purely academic study and does not intend to give any recommendation for investment purpose.