This analysis is purely based on price action and chart pattern. Analysis is done on daily TF hence it may take several days to couple of weeks to reach its target. Traders can also take advantage of this analysis in intraday trades.
Analysis & Strategy along with logic is explained in image itself. Entry can be taken at CMP to 3060 range.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Feel Free to comment for any suggestion or query about chart study / price action analysis.
check out other stocks with similar pattern breakout in below links --
@Investroyllc - thanks for appreciation. Definitely a lot more ideas will are to be shared as the market keeps presenting opportunities on regular basis. Do comment if you have any query related to this idea or price action.