LGBROSLTD - High probability bullish setup observed.
LGBROSLTD
CMP 1220.
Target 1700 plus
Stop 1100
Weekly chart
Stock has broken out of the cup pattern which is more visible in daily chart.
Stock has broken above convincingly the long term upward sloping trend channel. Upper boundary should ideally act as a support going forward.
Expected target is 1700 plus which is 50% of the width of the channel.
Stop is 1100 which is previous resistance based support.
CMP 1220.
Target 1700 plus
Stop 1100
Weekly chart
Stock has broken out of the cup pattern which is more visible in daily chart.
Stock has broken above convincingly the long term upward sloping trend channel. Upper boundary should ideally act as a support going forward.
Expected target is 1700 plus which is 50% of the width of the channel.
Stop is 1100 which is previous resistance based support.
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