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Cupandhandlepattern

Cup and Handle breakout in DeepakfertIn a daily chart there is already cup and handle breakout on 13 jan 2022 at 480 and target was 920 after the breakout Stock was going in a sideways and formed symmetric triangle pattern. So Recently there is a breakout in symmetric triangle supporting uptrend. After the breakout it achieved 2 target(Previous Swing High) and on 13th April is broke its all time high 660 and formed new high 676 which is again supporting symmetric triangle breakout target 761. In future it may reach its Cup and handle pattern target 920. From the breakout (@480) it already achieved 44.5% Price target. Enter from here should be very cautious. Based on your risk capacity and own analysis invest in this stock and Very important its purely technical call not a fundamental call because company is having 92.8% pledge, however FII share holding increased and company is showing better performance in last quarter. So consider fundamentals also for this stock.
NSE:DEEPAKFERTLong
by KaravaliTradingZone_Official