Jindal Saw Ltd. - Modified Up-Flag

Jindal Saw Ltd. gave a breakout on daily chart dated 8th March 2023. This breakout was preceded by a consolidation and a rally. The breakout candle is supported by volume. This has formed the Up-Flag price pattern. The anticipated price target is Rs.198 and stop loss is Rs.157. The RR Ratio comes to 6.
NOTE: THIS STUDY IS PURELY ACADEMIC AND DOES NOT INTEND TO GIVE ANY INVESTMENT RECOMMENDATION