Beautiful Cup & handle Pattern and breakout in Indian Bank. Entry near 195 (Retest Zone) and fist target comes to 292. The stock is had also started making HH-HL formation. SL - Weekly Closing below 173. Favorable RR.
Trade chiuso: obiettivo raggiunto:
First Target of of 292 achieved in 6 weeks. Almost 50% gains in 6 weeks time. A couple of options hereon- Trail SL with 100% qty, book partial profit and trail SL until hit.
Commento:
Another beautiful break out. If holding, can pyramid near 300 zone once it retests. New target 375. SL- Weekly closing below 285.
Trade chiuso: obiettivo raggiunto:
Price is very close to all time high resistance, can book completely near all time high levels or even current levels.