Amar Raja Batteries Limited ( NSE: AMARAJABAT, BSE: 500008 ) for NSE:AMARAJABAT by mvsrk74

Chart Patterns Cup And Handle

chartpattern cupandhandle

This is Cup and Handle formation found in Amar Raja Batteries. Above 787, the target price will be 985 and 1005

Comment:

Closed above 787 on daily basis, expecting Target~1.

Comment:

Though it is showing as inverted hammer, but (High - Close) < (Open-Close) * 2
So no issues.

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