STOCK NAME: Nippon Life India
Current Price: 314
Target: 330 - 350 - 380 - 400
Stoploss: 280
As per Chart.
1. The stock fell from 450 to 200 levels and for 4 months the stock is trading between 200 to 300 levels and recently gave a breakout at 300 levels on 23rd June 2020, then go up to 320 levels then come for retest at 300 levels and move up again, shows good support at 300 levels, which act as a resistence when trading in a channel.
2. This Stock also formed a Cup & Handle pattern, and gave a breakout at the same 300 level. as you can see in the chart.
Conclusion:
1. Multiple Pattern Breakouts at 300 level
2. Time Period: 1 Month
3. 300 level act as a Strong Support
4. BUY THIS STOCK