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.



The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.