cup and handle - going to breakout very soon TARGET RANGE 200-220
the flag pattern is breakout now... we can expect some short upside movements.
it should cross 258 and sustain in 4 hrs candle... then we may expect some short rally....
after a long downfall, the channel was broken with good momentum. I'm expecting good up_movement in the medium term (3-6 months)
mmp industries is an aluminium Metal powder manufacturing company. once it is crossed 195 in the daily chart with moments. then we can expect 20% up movements in short term.
we can expect a small short-covering in the upcoming weeks.
CUP & handle formation will be completed. once the breakout happened then a huge rally will be expected... duration 6-12 months.
it is trying to complete the ROUNDING BOTTOM. so it may reach 144 - this week or next week...
try to accumulate some shares in the bottom... this will crash another 25 points from 102. they are giving 2:3 bonus on coming 15 March 2022.
multi-year breakout. cup & handle formation... all sugar sectors will give another 20-40% rally. so this stock will give 120 - 168 for a mid-term period of 6-10 months.
current price 266, BUY 260-258. Target is 290-310... stop-loss is 250, BELOW 255 IS WEEK ( THREE WEEKS TIME)
IT shows like CUP with HANDLE also it was reached that target. but now small retracement is going on like consolidation mode (accumulation area) once it breaks 14 then it may shoot up another 50% of 22.
IT LOOKS BEARISH. they announced SPLIT AND BONUS on 4th Feb 2022 but the record date wasn't published