Hi Traders,
Again cup and handle has been formed perfectly here, like the same way we have observed in Jindal stainless and Coal India (refer my previous idea shared).
We just need to wait for the breakout to happen. Once we get this stock over and above the neck line we can take entry and sit tight to explore long rally. Or we can take entry after retracement over the neck line.
Note - It is a weekly chart so it might take little longer to reach its target after breakout. In my opinion we can expect 2 months. 8 weekly candle is enough.
Thanks,
Sagar
Again cup and handle has been formed perfectly here, like the same way we have observed in Jindal stainless and Coal India (refer my previous idea shared).
We just need to wait for the breakout to happen. Once we get this stock over and above the neck line we can take entry and sit tight to explore long rally. Or we can take entry after retracement over the neck line.
Note - It is a weekly chart so it might take little longer to reach its target after breakout. In my opinion we can expect 2 months. 8 weekly candle is enough.
Thanks,
Sagar