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Cadila : Cup and Handle formation (Long Signal)

Long
NSE:CADILAHC   CADILA HEALTHCARE
Cadila started Human trails of COVID-19 Vaccine.
The daily chart shows classic Cup and Handle formation. Recent Close is above the Handle line.
Hence backed by the news and supported by technical indicators, upmove expected.

Price levels are congested in a narrow zone, hence various support-resistance lines can be observed.

Entry Price: CMP
Target 1: 404
Target 2: 415
Target 3: 425-427

SL: 360

Remain in trend if Price levels sustains above T1.
Trade closed: stop reached
Trade closed: target reached: Target 1 achieved.

Reversed from SL zone.