HBL Power Long

Cup and Handle formation breakout on weekly charts. Volumes not high, neither low, hence low chances of prices falling. I would suggest going long on CMP as a swing trade. (OPEN THE CHART FOR DETAILED VIEW OF THE ANALYSIS)

Target 1 : 50
Target 2 : 60
Target 3 : 70
Target 4 : 76

Stop Loss : 36.5 (TRAIL STOP LOSS)

Risk-Reward Ratio favorable

MACD bullish
RSI shows good momentum