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supremechart
Apr 28, 2021 6:10 PM

Cup and Handle | Good Volume | Long

MANGALAM ORGANICS LIMITEDBSE

Description


SL 460
TP1 850
TP2 1220
TP3 2000
Comments
nil00072010
you referred weekly chart, but on daily chart clearly, Doji formed and next day price reversed and long term resistance of 614 is still intact , when stock is near long term support or resistance , don't refer higher time frame chart but refer low frame chart like for daily chart you should refer 4 hour or 1 hour chart , 1 hr chart clearly shows that price got rejected near resistance
supremechart
@nil00072010, that is the reason to take entry after the weekly candle closes
baculpa
May I know how these targets arrived on the basis of cup and handle chart shown please.? I m holding it since last 5 years
supremechart
@baculpa, Targets are from the base of the cup (distance equal to the size of the cup)
baculpa
@manmohansolanki, Thanks for valuable quick reply
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