Weekly Chart NSE: LGBBROSLTD Short Term Quick Profit CMP 353.20 Target : 394.95 SL : 327 Timeframe < 45 days
Factors: Inverted Head & Shoulder Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming.
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Seems some institutional buyer entered after seeing your idea!!.Haha huge gap in today's opening the target is reached already
Rachit_Sethia
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@Senthilinvest12, Thanks for ur wonderful response. Hahaha Target is reached, but has a lot more to come. 😀
Senthilinvest12
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@Rachit_Sethia, yea bro next major resistance is at 440 levels. Do you think the up move will continue hereafter or it will consolidate at current levels for few days.
Rachit_Sethia
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@Senthilinvest12, It must slow down here and sit for some time.
But the upside is definite.