Bullish Cup & Handle BO in Tata ElexiA Weekly Bullish Cup & Handle pattern is visible on the charts of NSE:TATAELXSI
Cup & Handle pattern is a bullish pattern and it is visible on the charts after a meaningful consolidation in the weekly charts of NSE: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.
