BHARATFORG has formed Cup n Handle pattern on long term timeframe.
It seems to have given a breakout of resistance at 805 levels, so one can start accumulating at 810+ levels and keep adding as the stock shows further momentum on the upside.
However, we have to wait for a daily candle close above 830-840 levels to confirm the cup and handle breakout.
First target: 1040+
Second Target: 1430+
SL: Daily candle close below 800 levels.
View: 6 months to 1 year approx
It seems to have given a breakout of resistance at 805 levels, so one can start accumulating at 810+ levels and keep adding as the stock shows further momentum on the upside.
However, we have to wait for a daily candle close above 830-840 levels to confirm the cup and handle breakout.
First target: 1040+
Second Target: 1430+
SL: Daily candle close below 800 levels.
View: 6 months to 1 year approx
Trade ativo:
close above 850 is very positive for stock to move towards new ATH!!