Targets are Big as shown in the chart..
Short term trader can buy with SL of 80 and long term investors go with SL below 60 on WCB
I am not a full time analyst, I just post my ideas only to help others. Remember it is your capital and R&R always
13-year breakout with huge volume followed by weekly follow-up and having a good order book which is twice the market cap. Weekly followup shows strength in the stock.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Multi year Breakout accomplished by sucessful retest of the stock ..
Pattern obeserved : Cup and handle
Pattern - Success rate High
Reliable pattern with spike in volumes
Cmp 319
TGT 395-480+
Sl - 295 for short term with 250 for long term
Note : Already invested so do your own research and analysis before investing .. you are responsible for your own profits...
Base on Base formation
VCP on 1 hour timeframe as well.
Inisde day candle.
Volume dry up on supply.
Pivot buy at 239.5
Tight SL at 227
Publishing for my own referene. Not an investment advise.
