#LONG:Cup & Handle pattern formed in PCBL(daily chart)
Aggiornato
PCBL reached an ATH of 159.40 in Jan'18 before falling by 83% to a low of 27.05. It again rose to a high of 153.75 in Sep'22 and thereafter fell to a low of 108.70. In the process it formed a perfect Cup & Handle pattern on daily charts. Since, 2018 it was trading below multi-year resistance trend line.It has given from cup & Handle pattern on 14th Jun'23, forming a large bullish candle rising 8.52% in a day.The Stock had already risen by 8.74% today(at the time of writing this article), hitting an ATH of 178.30, which is also a 10-Year High.
Stop Loss: 15.5 (daily closing basis)
Potential: 55 to 90%
Time period: 6 months(Expected)
Stop Loss: 15.5 (daily closing basis)
Potential: 55 to 90%
Time period: 6 months(Expected)
Nota
Target 1 achieved on 17th Nov '23 !!Nota
Target 2 achieved on 30th Nov '23 !!!Nota
All Targets achieved as on 8th Feb 2024Trade chiuso: obiettivo raggiunto
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