Cup and handle Breakout in LG Balakrishna & Bros weekly chart.
Stock has given breakout from its cup and handle pattern. For pattern confirmation price has to close above 755 in weekly chart.
730-680 levels should act as strong support if the price is coming for the retest. For further strong up move, price has to close above 775.
All possible targets are marked on the chart. Can maintain strict Stop loss for the trade at 620.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
LGBBROSLTD
Stock has given breakout from its cup and handle pattern. For pattern confirmation price has to close above 755 in weekly chart.
730-680 levels should act as strong support if the price is coming for the retest. For further strong up move, price has to close above 775.
All possible targets are marked on the chart. Can maintain strict Stop loss for the trade at 620.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
LGBBROSLTD
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