GRP Ltd Weekly Cup and Handle Breakout & all time high breakout?
Recently we can see a Cup and candle Formation(5 years), and this week, cup and handle pattern broken with maruboze candle which is supported by good volume.
supporting this pattern , now its all time also broken and formed new high of 1914.70.
For the further upside movement its should break 1915 properly in a weekly chart, then is can go till 2840 range at the same time 1815 must act as Major support if it is a genuine breakout then we can keep SL of 1700.
Technically Stock is having potential to reach 3000 range.
Situation 2:
If it is coming for retest then 1600 should act as major support and good chance to enter by keeping SL below 1430 ( Less Risk Takers) and for risk takers 1195 will the SL.
Share your opinion in the comment section.
This is just a View not recommendation to trade, Do your own analysis before taking any trade.
GRPLTD
supporting this pattern , now its all time also broken and formed new high of 1914.70.
For the further upside movement its should break 1915 properly in a weekly chart, then is can go till 2840 range at the same time 1815 must act as Major support if it is a genuine breakout then we can keep SL of 1700.
Technically Stock is having potential to reach 3000 range.
Situation 2:
If it is coming for retest then 1600 should act as major support and good chance to enter by keeping SL below 1430 ( Less Risk Takers) and for risk takers 1195 will the SL.
Share your opinion in the comment section.
This is just a View not recommendation to trade, Do your own analysis before taking any trade.
GRPLTD