expecting a large move once we break out of this flag.... Keep a watch
Exact support and bounce from lower gap and now resistance at overhead gap.... Cant get more text book than this !
Once this flag is broken, a 330 potential opens up...
Looks like a new leg starting after taking support at the broad support zone...
Due to huge bias against this company several "price only" players including me missed this HUGE opportunity! Have no Bias!
Often past "views" of a stock blind us in viewing the current move with confidence. Just pay attention to the price... forget the baggage... looking good for a new high. SL recent lows..
Have you ever seen a bigger Cup and Handle spanning a decade!!
I am no fundamental analyst, but the chart here is very unlike the rest of INfra or Realty pack... Stay long till the next inflexion.
RADICO: ON A HIGH! HAS BEEN PERFORMING ON EXPECTED LINES AFTER the text book breakout at near 145 . Some of these basic LT patterns should never be ignored.
AIRTEL : Multi year iH&S pattern likely above 450 for targets well beyond 650 .... WIll it this time ?
A small flag pennant and upward blast...
A good reentry could be the bottom of the flag near 125 ish area or a breakout abv 150 ish... TGT could be 200+ based on Flag pole pattern.
Forget Fundamentals and Technicals, see the external trigger of Circuit Price band change and its impact here... Exchange moved price band 5% to 20%!!