Had a 30% pullback after reaching new high, cup and handle, now at support band and have confirmation. I think it’s going to have a good rally of 130-200pts with some minor corrections along the way
Buy at CMP (anywhere below 260) and hold for long term
300 (latest by November)
400 (latest by January)
500 (~ March)
Clear uptrend, getting 20-30% increase every time StochRSI gets reset and crosses over to the upside.
Enter above 101.20 if September 23 closes above 101.20
Stop loss candle close below 98
Targets 120, 130
Short term reversal similar to January 2021, expecting 20-30% correction - possibly cup and handle pattern formation
Book some profits now and renter at 57 and 46 levels, based on price action at that level
Re-entry: 57, 47
Stop Loss: Close below 44
Targets: 90, 100, 130
Rising wedge, bearish pattern - expect a correction to ~570 levels
For longer term, probable cup and handle formation, to reach new highs.
For short term, advisable to book profits at current levels and wait for a discounted entry.