Pattern: Classic cup & handle formation on 4h time frame.
Buy at: One should buy the stock on cmp i.e. 1072 & add on dips.
Stoploss: Maintaining a SL of 1040 for the short term and 945 for long term
Target: Target 1: 1146 (Based on Cup size ) Target 2: 1300 Target 3: 1500 (Based on support-resistance)
Buy at: One should buy the stock on cmp i.e. 1072 & add on dips.
Stoploss: Maintaining a SL of 1040 for the short term and 945 for long term
Target: Target 1: 1146 (Based on Cup size ) Target 2: 1300 Target 3: 1500 (Based on support-resistance)
Trade closed: stop reached:
Posted a bad result, and stoploss hit.