Chambal Fertilizer: Forming Cup and Handle pattern. Breakout from previous high.
Technically the chart is showing strength, if today it breakout at close 515, then, as per the "cup and handle" pattern, a target 620 is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout. Kindly note the upper trendline too.
Greetings, cracking job on your first post. We hope you enjoyed the challenge. Hope it is one of many :) ✌🏽from mod @Nico.Muselle, TradingView moderator
✌🏽from mod @Nico.Muselle, TradingView moderator