PENINDDouble top formation on monthly chart
if the stock has breakout with 80 > 82 on next closing month
target : 150.50 with stop loss 49.80
holding period : more then 1 .5 year ( 20 month approx.)
risk reward : 1:3 (as per suggested target or sl) above 150.50 stock has been multi bagger
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.