Interesting chart pattern is observing. Stock has corrected massive from the high of 1464 to at 415. Almost 72% corrected from the high.
Stock has made “CUP AND HANDLE” pattern and currently stock is trading on 200 DMA level. This is the interesting zone because stock is taking support on 200DMA level.
As per my opinion this is the good to accumulate the stock or can be trade.
Please go through the chart and understand it visually.
Stock has made “CUP AND HANDLE” pattern and currently stock is trading on 200 DMA level. This is the interesting zone because stock is taking support on 200DMA level.
As per my opinion this is the good to accumulate the stock or can be trade.
- Entry at 535.00
- Stop loss 500.00
- Target 1 is 610.00
- Target 2 is 725.00 and go on
Please go through the chart and understand it visually.
