Kalyan Jewellers Potential 35% bullish move

A flag pattern has been formed with a 76% flag pole. A potential flag pattern breakout could occur in the near future if the stock continues to maintain the current bullish momentum. Recently the stock has been moving in a zone of support and resistance, and a strong breakout through this zone has also just occurred. This breakout likely occurred due to an order block on 20th march at 366. There have been many volume imbalances formed as well which could likely have assisted in pushing price up. A bullish F.V.G has formed at around 416, price could retrace to this F.V.G and cause a decent move to the upside confirming the flag pattern breakout.

Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.