MAITHAN ALLOYS LTD
Long
Updated

MAITHANLL - Simple Flag and Pole Breakout

104
When it comes to trading, i like to keep it simple.
Nothing fancy here, 50 DMA crossing over 200 DMA.
Trend line Breakout
Strong prior trend with good volumes, follow through happening today.
Keep 1120 as SL and trail
Trade active
Note
Routine consolidation after flag and pole breakout. The key is to sit tight on this till the flag high is taken out and then decide based on price action
Note
The trend is still intact here, the fall is expected since Metals are not leading the market, but the fall is in line with the broader market. SL remains the same.

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