The Chart has broken out from CUP pattern hence support level 1 at 500 will act as strong support for the scrip.
In short term chart, there is Support level 2 as well which is also forming a continuation triangle pattern.
The Long term target is 740 and it should reach there till March 2021.
Currently stock is trading at 560.
Put your stop loss at 550 and 500.
Risk is for 10% (560-500/560)
Target percentage is 32% ( 740-560/560)
**Analysis is purely my view, please invest on your own risk **
In short term chart, there is Support level 2 as well which is also forming a continuation triangle pattern.
The Long term target is 740 and it should reach there till March 2021.
Currently stock is trading at 560.
Put your stop loss at 550 and 500.
Risk is for 10% (560-500/560)
Target percentage is 32% ( 740-560/560)
**Analysis is purely my view, please invest on your own risk **