KARUR VYSA BK-CUP

[Vignesh]

OBSERVATION:

a)  the pattern took significant time to form, from jan 2013 – jan 2015
b) the stock moves in a series of flag patterns towards the end , indicating the scarcity for the stock

TRADE: one can go long when the flag breaks out with a stop loss being the low of the flag, and as the price moves up, use candle stick                  analysis to unwind the position
                  buy@380, sl-350. primary target -tip of the cup -575

[Vignesh]

there is a mistake, the tip of he cup is 500,
the corrected chart has been attached below

[Author]

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