Bull Flag - GDL

5 Oca 2020

After failed attempts to stay above 200 EMA in April and May 2019, the stock has risen above 200 EMA with huge volume and consolidating nicely at 121-124 levels. Breakout out of above 126 with high volume can push the stock to a high of 145-150 levels. If u want to have a tight stop loss, 118 can be nice SL, however if you want to give some room to stock, you can put your stop loss below 200 EMA at 112.NSE:GDL