BASILIC FLY ready to FLY!!!A flag and pole pattern!
The stock recently gave a fakeout trapping bulls!
Its an opportunity for the buyers who missed the lower levels!
Gonna keep this stock in watch till it sustains above 600!
BASILIC trade ideas
Basilic Fly StudioBasilic came out of consolidation on 3 Jan 24 and ran almost 40%, which we were able to completely eat out and exit almost at top. Since then the stock has been consolidating in a
downward channel and waiting to breakout the channel.
Ashish Kacholia picked up stake in Dec 2023, so as at 28 March 2024, he is also sitting at
almost no P/L, if at all he is holding the stock till 28 March 2024.
Update 2/4/24 - Stock broke out of the downward sloping trendline. Consider building a position.
