QUESS Cup and Handle breakout!

23 Ağu 2023

Interesting chart pattern observing on chart. Although stock is going with downtrend from long time. But chart pattern telling the stock is on revering.

1. Rounding bottom, CUP & HANDLE formation.
   
2. Taking Trendline support.
   
3. Just crossed 200DMA and taking it as support
   
4. Volume building up.
   

I am suggesting for long term trade (more than 6 months) and maintain the Stop Loss and Trail it time to time.
Here I am giving the multiple targets. Please go through the chart to get the Targets and Stop Loss level.