MCX FORMING CUP AND HANDLE

PATTERN-The stock is forming a cup and handle pattern under which the cup is ready and tocuhing the 2012 level will mark the end for it , if the 2012 level is broken the stock can give a rally of 42% and if it faces resistance at 2012 it will make a handle and than take a rebound

TARGET- target for short term will be -2012
target for long term will be - 2878

FUNDAMENTALS- The company is one of the most reliable and effective managment and can yield hefty returns on longer side