Khaitan chem chart is a classical flag breakout as shown in the encircled area of the attached weekly chart. The flagpole extends from 7 to 20. Which gives it a height of Rs 13. Breakout point was 19. Technically target comes to around 32. Stock has been showing immense strength in a weakish market and closed strong for the week at 23.8. disc: trading position based on techno funda picture. thanks rajeev for bringing this to the forum.
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