ADANI ENTERPRISES – WEEKLY – FLAG PATTERN
WOW, what a good example of FLAG BREAKOUT PATTERN on weekly basis. We can clearly see once it break the flag and also see the volume which is supporting price. Flag breakout happens near 250 level and in the same week it went upto 300+ level.
Height of pole is app. 140 point so se can see the upside of 140 from the breaking point from 250 level i.e. minimum target will be 250+140=390. But we have to wait few weeks since we are watching weekly chart.
Since, this is a weekly chart and in practical and real life who will wait for such a big target which we may see in coming time? This question we have to ask our self instead to others.
But, if everything will be all right than as per pattern we will see very high level of appreciation in this stock.
Lets wait ………….
KEEP FAITH IN SYSTEM & TECHNICAL ALSO KEEP A STOP LOSS TO PROTECT YOUR CAPITAL.
