premanandh

chart pattern recognition ,cup and handle, triangle

NSE:JINDALSTEL   JINDAL STEEL & PWR
hello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either side up or down. . probablity chances are higher on upside ) .. the chart looks colourful !!!!!!!! if u find this idea correct , wrong useful, stupid . please comment. .will be happy to reply for u. .
i think it is a 'saucer pattern' rather than cup & handle. Yes the converging triangle pattern is very well made by you. thanks for the analysis.
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sausawan shivashish876
@shivashish876, corrent.. its rounding bottom.. but good analysis.
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gud
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premanandh swamynaidu
@swamynaidu, thank u
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