Averoy_Apoorv_Analysis

Inverted Head and Shoulder on WTF and Cup and Handle on DTF - LT

Long
NSE:LT   LARSEN & TOUBRO
Some Knowledge about MY patterns here :

1) Cup and Handle :

Appearance: Looks like a cup profile with the handle on the die right

Reversal or consolidation: Short-term (up to 3 months) bullish consolidation

Failure rate: 26%

Failure rate if
waited for a breakout: 10%

Average rise 38%, with most likely rise between 10% and 20%

Throwbacks 74%

Percentage meeting and predicted price target: 49% using full formation height, 73% using half formation height Cups with a higher right lip perform better, 40%
versus 35 % average gain.


TELEGRAM link ( More charts and alerts of all stocks ) - t.me/hashtaghammer
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.