Bullish Cup & Handle BO in Tata Elexi

raigvivek Updated   
A Weekly Bullish Cup & Handle pattern is visible on the charts of TATAELXSI

Cup & Handle pattern is a bullish pattern and it is visible on the charts after a meaningful consolidation in the weekly charts of TATAELXSI

MACD gave positive crossover on daily and weekly and monthly time frame it is on verge of giving breakout.

One can look to create a fresh position in the scrip near Rs. 8000-8050 levels with the stoploss of Rs. 7400.50 on weekly closing basis. The 1st target will be 8540 , 2nd target will be 9035.65, 3rd target will be 9515.35 and 4th target will be 1015.65

And finally this study is for educational purpose only.

Trade active:
1st Target Achieved............. ENjoy the Moneyrain Guyssssssssssssssssssssss


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