Bharat Forge Cup & Handle Breakout

9 พ.ย. 2022

#Stock : #Bharat Forge
#Chart Time Frame: #Monthly
#Structure : #Breakout on #Monthly basis of #Cup & Handle

On #Monthly Time Frame the Stock has given a Good #Breakout with decent #Volumes at the #Top of #Cup & Handle Pattern which is a #Bullish Continuation Pattern and shows that the Stock has a long way to go from its #CMP 875 and any fall towards 800 will be only a great opportunity to buy for the long term bet for 1x
So stock looks good for long as per the levels mentioned below:

CMP - 875.50 or BoD 800
Target 1 - 950
Target 2 - 1096
Target 3 - 1244 + +
SL - 677

Holding Time Frame - Short to Medium Term & Medium to Long Term

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