A rounding base (saucer bottom) has formed in which a reverse H&S pattern is clearly identifiable.
As per the chart pattern, it's technical target is near it's ATH at 897 which seems achievable in the short term.
Good to buy at CMP for a target of 897 with SL below 635 (35.6% ROI with 8.9:1 R:R)
For best results, buy while the breakout is happening with huge volume above the white trendline resistance drawn for reference.
Sometimes I draw trendlines on line chart to ignore the wicks of candlesticks for better R:R and that's a personal preference.
Stock is good for long term as well, it can go around 1300 levels.
A good 95% upside potential.
As always, do your own due diligence before taking any action.
Peace!!
As per the chart pattern, it's technical target is near it's ATH at 897 which seems achievable in the short term.
Good to buy at CMP for a target of 897 with SL below 635 (35.6% ROI with 8.9:1 R:R)
For best results, buy while the breakout is happening with huge volume above the white trendline resistance drawn for reference.
Sometimes I draw trendlines on line chart to ignore the wicks of candlesticks for better R:R and that's a personal preference.
Stock is good for long term as well, it can go around 1300 levels.
A good 95% upside potential.
As always, do your own due diligence before taking any action.
Peace!!
