In the Weekly Chart of RTNINDIA ,
we can see that; it has given Cup & Handle breakout which is Inside a Flag & Pole chart pattern
Let it retest.
Enter on retest at 40 with SL as 37 and Target as 60-61.
1:6 Risk can be achieved by booking profits at 60-61.
Note:
55 level is respected multiple times, it can respect once again or spend one or 2 weeks at 55.
55 can act as First level of profit bookings.
we can see that; it has given Cup & Handle breakout which is Inside a Flag & Pole chart pattern
Let it retest.
Enter on retest at 40 with SL as 37 and Target as 60-61.
1:6 Risk can be achieved by booking profits at 60-61.
Note:
55 level is respected multiple times, it can respect once again or spend one or 2 weeks at 55.
55 can act as First level of profit bookings.