TradingView
Market_Geometry
Apr 18, 2021 2:11 PM

CADILA is ready for Long Drive with Weekly CUP& Handle Pattern Long

Description

1. Weekly explosive 2 candles closing near all time high.
2. Formed CUP & Handle pattern.
3. Handle has taken support at weekly demand zone and 200EMA.
4.High volume ie.. double of 20 day moving average volume
5.Weekly RSI above 60.
6. IF breaks all time high T1, & sustaining above T1 will give long drive to double of Cup height.
7.Fresh entry can be taken only if sustain T1/All time high pirce
8.Target T2,T3 & T4 given based on Fibonacci level and final target based Cup and Handle pattern.

Comment

T1-556
T2-580
T3-621
T4-656
T5-693
Final-783

Trade active

T1 achieved,
Comments
chinna6674
Tataconsumer technical any view??
chinna6674
Sir tataconsumer idea long side?
Market_Geometry
@chinna6674, at present condition short term target 725~730
RoopaNaveen
what is the next target n timeframe for that
chinna6674
Today 556???
Market_Geometry
@chinna6674, reached up to 446, if momentum continues may reach reach today, else tomorrow.
but nothing guaranteed in stock market.
Market_Geometry
@chinna6674, ignore my previous comment yes reached today up to 568
chinna6674
T1-544?
Market_Geometry
More