With the breakout of the Cup and Handle pattern with proper volume, traders may expect the stock to reach 14.50 levels. To manage risk, consider placing your stop loss at the previous higher low of 12.60.
Note
01-03-2023The stock is progressing towards its target price based on cup and handle pattern.
Trade closed: target reached
With the stock reaching near the target price and descending below previous higher low of Rs. 13.90, There is a probability that the stock will become bearish in the short term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.