This stock has formed the classic cup and handle pattern indicating a possibility of a breakout.
Either It can be bought at current levels for a near term target of 360 and 380 respectively, or you can wait for it to cross 350 (which will be a confirmation of much higher numbers considering that it will breach all time high).
Stop loss can be maintained at 325, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
ADX: 25 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Either It can be bought at current levels for a near term target of 360 and 380 respectively, or you can wait for it to cross 350 (which will be a confirmation of much higher numbers considering that it will breach all time high).
Stop loss can be maintained at 325, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
ADX: 25 (suggesting strong trend)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Dagangan ditutup: sasaran tercapai
Targets achieved on 16th July, '21
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.