Bajajelec has formed three patterns on chart; Cup n Handle, pole n flag & Bullish flag pennant.
Unfortunately it dint breakout of any of these patterns, so cannot be recommended to buy now.
But if breaks above 1320 then its a breakout in all these pattern & then it could be bought with stop-loss of 1275 & technically targets are unbelievable as per patterns...
Here is 1H chart for the possible movement of XAUUSD / GOLD
The pattern will be confirmed if XAUUSD / gold makes new high at 1718,23
The target will be proportional with the flag about 2700 -2900 (depends on the time it will breakut) point
Set loss at the lowest candle inside the flag at 1711,13
Risk Reward Ratio of 3,83 is really good
