Cup and Handle formation on daily chart. Go long with 1 year horizon. 2400 target and once crosses lifetime high of 2456 -- This could double after that
NSE:BASF is currently setting up for a triangle breakout within a range. It is showing a potential Cup and Handle setup. However, its recent support from fib. retracement might help it in breaking that range.
Overal seems a good long term stock (Serious potential !)
BASF India - Bearish Bias. Short Immediately.
Buy range - 1480 - 1490 CBSL - 1415 Target 1 - 1535 Target 2 - 1560