Sometimes corrections are good for the markets. A gap opening expected today and yesterday it almost achieved first target of 5350-- missed by 3 points :)

Stock View: Zodiac Cloth

The stock's consolidation since last one month had resulted in formation of flag pattern on the daily charts of the stock. Yesterday stock broke out from this pattern and that too with huge vols as highlighted in this chart. Buy Zodiac Cloth at current levels of 550-555 with a stoploss of 536 on closing basis and look for targets of 590/625 in 5-10 days. Please trade small qty and if stoploss gets hit then exit.

Have a nice trading day

Regards

Ankit