SUNTECK flag pattern breakout
Sunteck breaks out the flag pattern with good volumes (far higher than moving average) on daily charts and is likely to test the three times multi-year resistance zone of 515-530 levels. If breaks out the said resistance zone, which is likely, then it may provide lucrative returns in short term.
EMA 50 > EMA 100
RSI is not in the overbought zone.
Buy above 485
Target = 520-530 (8-10%)
stop loss = 470
EMA 50 > EMA 100
RSI is not in the overbought zone.
Buy above 485
Target = 520-530 (8-10%)
stop loss = 470
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