LUPIN | Cup & Handle formation for 25%
CMP : 1054 (Dip till 1000)
SL : 950
Target : 1350
Simple 1:3 risk reward setup
Analyed using weekly time frame. Hence please keep in mind this can take few weeks to perform.
Stock has formed rounding bottom on higher TFs. Looks good to come and fill the gap above
Buy above 890 for target of 917
P.S. Stock might take 1-2 days to trigger, wait for right levels !!
After the formation of cup & handle , stock has given breakout & formed a nice support near 1600 level before giving today's big move as a breakout. Keeping SL of 1650 one should buy this stock on current level & add on dips (if any) and look for the measured target area of 1950 zone in coming sessions.
BPCL at a good point in terms of risk-reward. One can enter here with 400 as WCB stop loss. The target is near 470-480. If it clears that then can head to 520-530. Also, it has retraced till 50% and has formed a Bullish candle on weekly time-frame there.
On the Timeframe, TCS has been making A good cup and handle Pattern, also Fibonacci levels suggest that 61.8 level would be touched, and then it can start the upside journey!
the stock is forming a cup and handle pattern in the long term . in the mid term one can expect a target of 210 rupees . as per the DCF the intrinsic value is anywhere between . 220 to 380 rupees . one can target long here .
My Analysis on Jubliant Industries!!
Wait for a weekly closing above 173.3. If it closes above 173.3, can expect it to shoot up till 400-410 with sl of 188.85.
*Only for educational purpose*
*Please do your own analysis before investing/trading*
Thanks
The stock has shown much strength in a volatile month.
Also the volumes have been increasing over the past 4 weeks.
CMP: 546
SL: 500 (on a closing basis)
My analysis on jubilant industries. Can go long if it closes above 273.3 on a weekly basis, we can expect it to shoot up till 400-410 in short term.
*Only for educational purpose*
Please do your own analysis before investing or trading.
Thank you.
When 42-43 was acting as a resistance, it tested it multiple times and then given a breakout. Now the the price retraced to the level and now it will act as a support
