Emami ltd is showing wondeful formation of cup and handle pattern on all 3 major time frame i.e daily, weekly and monthly. Company has generated good profits over years and is cash rich company with healthy dividend of 8 rs per year.
*This is just for educational purposes. Trade at your own risk.
Bullish on MRPL.
Buy with a target price of 100 for short term.
Can keep accumulating till 90.
Currently facing resistance at 94.7. once it crosses 94.7 then 100 will be coming soon.
Note - I am not a semi registered broker and this is for only educational purpose.
