manuvsingh

Triveni Engineering-Cup and Handle with Golden Cross Over

Long
NSE:TRIVENI   TRIVENI ENGINEERIN
Triveni Engineering : Cup & Handle on weekly chart. Breakout with neckline at 83 and looks good for 50% upside
Golden Cross Over Formation on Weekly Chart : 50 SMA about to cross over 200 SMA

CMP : 83
Target : 132
SL : 71
Almost 1:4 risk reward setup

Immediate Resistance : 100 (short term target)

Chart Only for Education Purpose
Trade closed: target reached: All Targets upto Rs132 achieved.

A return of 59% generated in 2 months.

Trade was initiated at Rs83.

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