HIUDCO formed a Cup & Handle Pattern and started give breakout from 59 level.
Stock can be accumulated around 59-60/61 level. T1 is expected at 67 and T2 is expected around 73. Overall expected target is around 77. Set stoploss at 54.5 and increase the stoploss when stock moves up.
Pattern is tracked on daily chart.
Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered.
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Pattern started to give breakout after going sideways for sometime.
We can expect 66.5 as next target.
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Priced crossed 70+. If it sustains above 70 then we can expect 73-74 as next target.
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Priced crossed 74+ as per expectation. Target almost achieved. One can wait for final target of 77 or also can book profit at 74 level.
Very good analysis. Thank you for sharing.
Regards,
Vanathi