GUJTHEM:- The stock has been consolidating for the last few months, has also formed a cup and handle pattern, waiting for a breakout.
Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
As the stock moves upwards, I will trail my stop loss and will also book profits from time to time.
The target is the length from the resistance to the cup, not the handle of the cup....
Thanks for commenting and liking my analysis..
asar_k
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Thanks for the analysis. What does the red horizontal line mean at 1102? Is it target? If yes, how can we forecast target? Please explain for knowledge. Thanks 👍🏻
AjayDhakad_Keep_it_simple
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@asar_k, The red horizontal line is my first target...
As the stock moves upwards, I will trail my stop loss and will also book profits from time to time.
The target is the length from the resistance to the cup, not the handle of the cup....
As the stock moves upwards, I will trail my stop loss and will also book profits from time to time.
The target is the length from the resistance to the cup, not the handle of the cup....
Thanks for commenting and liking my analysis..