Interesting chart on display for lloyd Electric and lloyd engeering. it is combination of two patterns. First pattern is Head & Shoulder pattern with neck line as indicated. Shoulders are placed @ 36.6 and 32.1 with Head @ 24.5. The breakout from neckline is on huge volume. After breakout it tested neckline and resumed its new found trend. Besides triangle pattern is also visible with support at three points already indicated. Upper target looks like to be 74.2 for the scrip. Incidentally breakout has happened on very good results.
Disclaimer : I have bought 10,500 shares @ 33-36 Rs band 4-5 weeks back. I have a bias for the scrip to go up. I will like to book profit at my target price if things work out well.
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