Share India: Flag Pole Breakout Retest- Best above 1700
They say "Buy when there is blood on the streets."
Most of the Brokerage company stocks have taken a beat.
This makes Share India securities and Angel one a value buy.
The intrinsic value of this stock is double to its current price of Rs 1545.
The stock formed flag and Pole pattern on monthly chart and it has retested from 2043 to 1545 on weekly closing basis.
One should invest such valuable companies when no one pays heed to this sector.
Buying Range : 1300 - 1500
Risk : current below all the EMA's, however one can enter small at current price, and average up in this journey. Risky traders can buy now. However best range is to buy above 1700.
Short term targets : 2000/3000 and Open Sky after that.
Strict Stop Loss : 1350
Disclaimer : Educational Content. Please do your own research.
Most of the Brokerage company stocks have taken a beat.
This makes Share India securities and Angel one a value buy.
The intrinsic value of this stock is double to its current price of Rs 1545.
The stock formed flag and Pole pattern on monthly chart and it has retested from 2043 to 1545 on weekly closing basis.
One should invest such valuable companies when no one pays heed to this sector.
Buying Range : 1300 - 1500
Risk : current below all the EMA's, however one can enter small at current price, and average up in this journey. Risky traders can buy now. However best range is to buy above 1700.
Short term targets : 2000/3000 and Open Sky after that.
Strict Stop Loss : 1350
Disclaimer : Educational Content. Please do your own research.