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Bharat Electronics Limited technical chart has formed a cup and and handle pattern. This suggest to go for a long position. Entry price is Rs. 12o. Stop loss is taken at the edge of handle ie Rs. 110. The height of the cup to be added to entry price to arrive target price. Height is 120 less 86 is equal to 34. Therefore, Rs. 154 should be the target price.
Entry price: Rs. 120 Stop loss: Rs. 110 Target: Rs. 154
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