On weekly TF, Stock has formed Cup & handle pattern. It would reach 83 levels in near term, which is a first resistance. If it sustains the stock may reach to 52 weeks high.
Risk & Possible targets: The depth of Cup is 25%, stock may target +25% on long term. Trend Line acting as a Support. For short term investors, choose position size and risk as per your risk appetite.
Disclaimer: I am not SEBI registered analysts, This is entirely my view and it is only for educational purpose.
Risk & Possible targets: The depth of Cup is 25%, stock may target +25% on long term. Trend Line acting as a Support. For short term investors, choose position size and risk as per your risk appetite.
Disclaimer: I am not SEBI registered analysts, This is entirely my view and it is only for educational purpose.
Disclaimer
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.
Disclaimer
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.