BRNL : Strong Breakout NSE:BRNL
View: Long Term Bullish
BRNL:31 January 2022
Pattern: Double Cure
Observation :
Support of Double curve pattern 26 -28.
BRNL moved up with Trendline as a support
Strong Breakout at 41.55 - 44.15
Accumulate between 41.55 to 43.70 or buy > = 45.
Stop loss not more than 4% for Long term Investment.
Long - Term Target (By July 2024) : 53 - 55 - 60 - 77 - 80 - 100 -139 +++++
Rangeboundbreakout
TITAN Big Bull favourite I'm expecting a breakdown (maybe the stock can take support at the level and possible for a double bottom and move upwards)
The Reason Why I'm bearish:
1.Bearish Engulfing at channel resistance
2.Global crisis
3.Nifty looking weak
4.Rangebound breakout will be very effective.
5.Avoid taking long for this month(index looking weak )
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