This stock closely followed the inverted head and should pattern and broke the neckline. The price target today was nearly short of 40 points if compared w/ neck to head distance which is still good. The stock also touched it's near high today.
It will be interesting to see where does stock head this. I am of the opinion that this will show a short term bearish...
Bullish engulfing
MACD crossover just started - Volume confirmation pending
Flag pattern
Flag pole length = 67 points
Lower flag cost = 487 points
Price target = 554/-
CMP= 528/-
Time target = 5 days
3rd May '21
Upper flag cloth resistance broken with Inverted hammer pattern. Watch out for tomorrow's move.
NSE:PRINCEPIPE
