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Neel30

High tight flag....Keep watch

Long
GUJARAT AMBUJA EXP (NSE:GAEL)  
Neel30  
NSE:GAEL   GUJARAT AMBUJA EXP
Support and Resistance Cup And Handle highttightflag breakouttrading pullbacktrade 50dma movingaveragesupport
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supportandresistance cupandhandle highttightflag breakouttrading pullbacktrade 50dma movingaveragesupport
200% prior move and then its testing 50 DMA for first time.
So its tradable as pullback as well as high tight flag.
7 weeks cup and handle.
Though proper entry will be above 129, but if it closes above 124-25 with significant volume, aggressive buy can be initiated.
Target will be 140 and 158 i e horizontal S/R.
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