Looking great for long term

٧ أغسطس ٢٠٢٤

Forming a cup and handle pattern and giving a break-out in the longer time frame, Bajaj Hindustan Sugar is looking great for the long term. Once the 3M candle gives a close above 44, it will head towards its next resistance i.e. 98. Looks good above the trendline and heading towards 188 - 190 (next resistance in the longterm). Keep an eye and accumulate on every dip. SL- below 31.15. Expecting a target of 190 and beyond by end of 2026 if the economy does not go into recession.