SUNTECK REALTY LTD

SUNTECK flag pattern breakout

Sunteck breaks out the flag pattern with good volumes (far higher than moving average) on daily charts and is likely to test the three times multi-year resistance zone of 515-530 levels. If breaks out the said resistance zone, which is likely, then it may provide lucrative returns in short term.

EMA 50 > EMA 100
RSI is not in the overbought zone.

Buy above 485
Target = 520-530 (8-10%)
stop loss = 470

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