Som distilleries was covered earlier and it has performed quite well once it broke out of its previous all time highs above 161. Stock price rallied hard to 276, posted a swing high and went into a short term consolidation and today seems to have broken out of a (short term ) contracting triangle . This consolidation also appears to be a pennant . A pennant is something similar to a flag which is a temporary pause in an uptrending stock. Once breakout from a flag or pennant happens, stock price is expected to resume its upmove. Need to see how it plays out in case of Som distilleries. ( Prima facie it looks quite strong as even the correction was a mild one which indicates normal correction in a strong upmvoe) disc: invested. Booked partial profits as disclosed earlier.
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