skp_will_rock

#LONG:Cup & Handle pattern formed in PCBL(daily chart)

Long
skp_will_rock Updated   
NSE:PCBL   PCBL LTD
PCBL reached an ATH of 159.40 in Jan'18 before falling by 83% to a low of 27.05. It again rose to a high of 153.75 in Sep'22 and thereafter fell to a low of 108.70. In the process it formed a perfect Cup & Handle pattern on daily charts. Since, 2018 it was trading below multi-year resistance trend line.It has given from cup & Handle pattern on 14th Jun'23, forming a large bullish candle rising 8.52% in a day.The Stock had already risen by 8.74% today(at the time of writing this article), hitting an ATH of 178.30, which is also a 10-Year High.

Stop Loss: 15.5 (daily closing basis)

Potential: 55 to 90%
Time period: 6 months(Expected)
Comment:
Target 1 achieved on 17th Nov '23 !!
Comment:
Target 2 achieved on 30th Nov '23 !!!
Comment:
All Targets achieved as on 8th Feb 2024
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.