Long

BULLISH on ELGIEQUIP (Positional)

Updated

There is Cup and Handle pattern in this stock. The has already given the breakout and is sustaining above the support level. The prices are trading above the Moving averages which shows Bullishness. The RSI is above 50 which shows good momentum. There is also a good volume in the past trading sessions. The Target here is 683 level which the depth of the Cup and the SL is 350 level which is depth of the handle. It is my positional view from 1 month to 6 months.

Disclaimer : This is own view and analysis. This is for educational purposes. This not a recommendation, call or a Tip.

Note

Trail SL to 380 levels.

Kunal-Battu

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