I am naïve to the chart pattern. This is my first post.
Many of Tata groups' stocks including Tata Coffee are in Multiyear breakout. If you see Weekly chart it's already breached out W pattern and now approaching towards the multiyear resistance of 172-175.
SL can be 138 and Target can be 173.
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Mistakenly this idea marked as Short. This idea is for Long position.
Trade geschlossen: Ziel wurde erreicht
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Target Reached in two days only.
Can extend target to 193 and trail Sl to 160.
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See how beautifully price action is built in this stock. Consolidation -> breakout -> consolidation -> breakout.