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dineshsarann
Jul 8, 2021 1:07 PM

Dabur: cup and handle breakout pattern 

DABUR INDIA LTDNSE

Description

Dear traders,
In this stock there is a cup and handle breakout pattern is formed.
As we can see that we can buy this stock at breakout.
Formula for take profit--
Breakout price+ (highest of the either side of the cup - bottom of the cup )*50%
= 580+(580-520)*50%
=580+30=610

Stop loss--
= Bottom of the cup
=561
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