JACKPOT BUY DECCAN GOLD MINES LTD Cmp - 103 SL - 88 ( Monthly Closing Basis ) Target - 215/275/315 Reason : 2008 High Broken In 2023, Thus 15 Years Long Breakout. Now Retesting Its Breakout Level. Best Buy At Cmp. 111-10 = 101 111+101 = 215 ( 1st Target ) Fibonacci Retracement From Rs 111 To 10 2.618 = 275 ( 2nd Target ) 3 = 315 ( 3rd Target )
Deccan GOLD can be next Gold mine for Investors - 3x Targets in next 3-4 Years. Monthly Breakout from CUP Pattern. Happy Investing.
Reason for long a) Low volume breakout b) channel support d) Price above vwap c) Trendline breakout f) Good risk reward zone SL compulsory