Kolte Patil Developers shows up trend. The daily chart shows breakout in cup and handle pattern formation. Ascending triangle pattern is also clearly visible which denotes further up move. Target 1 is 226 according to the depth of the cup of cup and handle pattern. Target 2 us 273 which is the target based on ascending triangle. Can go long with a stop loss of 178...
KOLTE PATIL HAS A BUY SIGNAL.
THE TARGET MAY BE PLACED AT 280 IN THE COMING DAYS.
THERE WILL BE A RESISTANCE AT 255. AND, IF THE PRICE COMES BACK TO 240 LEVELS ONE MAY ENTER.
MAINTAIN A STOP LOSS AT 218.