Cup & Handle Breakout on weekly chart

The stock has given a cup and handle pattern breakout on weekly time frame and if the weekly candle closes above the 9-year-old trendline, we can expect a good upmove in coming weeks.

There have been good volumes in last 2 days and we had shared this trade in our equity reserach both the days.

Fresh entry to be taken above 734 level for short term target of 760, mid term target 880 and long term target of 985.

Idea is only valid on weekly candle closing basis.

Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.

Learn & earn,

Dr . Tanya Kumar