vipulmehta817

INDIANBANK Cup and Handle Formation

Long
NSE:INDIANB   INDIAN BANK
Indian Bank ( INDIANB ) is exhibiting a cup and handle formation on the weekly chart. Watch out for a breakout from this zone, it can be a good Long trade.

Comments

Hii buddy, is the cup and handle still valid or new pattern in the making?? Pls reply ty
Reply
vipulmehta817 BikashAgarwal
@BikashAgarwal, Hello, the cup and handle is still valid. However the stock hasn't broken out yet, two weeks into the pattern formation. If it doesn't make the expected up move in the coming two weeks, we will have to exit the trade based on the time stop.
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BikashAgarwal vipulmehta817
@vipulmehta817, oky, and 1 more thing, wat cud be the immideate targets if it breaks out... I can see 1st 170, then straight 200... Is it correct?? Ty
Reply
vipulmehta817 BikashAgarwal
@BikashAgarwal, 195-200 would be the target if it breaks out successfully.
Reply
BikashAgarwal vipulmehta817
Reply
BikashAgarwal vipulmehta817
@vipulmehta817, good going today, might break this week....
Reply
vipulmehta817 BikashAgarwal
@BikashAgarwal, Keeping eye one it..
Reply
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