Cup and handle breakout possible.
This is a very large pattern breakout and therefore the potential targets on the upside are also very high. stock might start its bull run and travel all the way to INR 290, approximately a 50% profit potential. The stop loss for this trade can be placed around INR 140. And obviously, as the target is huge, the stock will take its own sweet time to deliver big gains.
This is a very large pattern breakout and therefore the potential targets on the upside are also very high. stock might start its bull run and travel all the way to INR 290, approximately a 50% profit potential. The stop loss for this trade can be placed around INR 140. And obviously, as the target is huge, the stock will take its own sweet time to deliver big gains.