Bharat Forge Cup & Handle Breakout
#Stock : #Bharat Forge
#Chart Time Frame: #Monthly
#Structure : #Breakout on #Monthly basis of #Cup & Handle
On #Monthly Time Frame the Stock has given a Good #Breakout with decent #Volumes at the #Top of #Cup & Handle Pattern which is a #Bullish Continuation Pattern and shows that the Stock has a long way to go from its #CMP 875 and any fall towards 800 will be only a great opportunity to buy for the long term bet for 1x
So stock looks good for long as per the levels mentioned below:
CMP - 875.50 or BoD 800
Target 1 - 950
Target 2 - 1096
Target 3 - 1244 + +
SL - 677
Holding Time Frame - Short to Medium Term & Medium to Long Term
All charts & studies posted here are only for EDUCATIONAL PURPOSE
#Chart Time Frame: #Monthly
#Structure : #Breakout on #Monthly basis of #Cup & Handle
On #Monthly Time Frame the Stock has given a Good #Breakout with decent #Volumes at the #Top of #Cup & Handle Pattern which is a #Bullish Continuation Pattern and shows that the Stock has a long way to go from its #CMP 875 and any fall towards 800 will be only a great opportunity to buy for the long term bet for 1x
So stock looks good for long as per the levels mentioned below:
CMP - 875.50 or BoD 800
Target 1 - 950
Target 2 - 1096
Target 3 - 1244 + +
SL - 677
Holding Time Frame - Short to Medium Term & Medium to Long Term
All charts & studies posted here are only for EDUCATIONAL PURPOSE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.