bbrijesh

NTPC - Cup & Handle

Long
NSE:NTPC   NTPC LTD
243 views
11
Cup & Handle Pattern - Breakout above 170

Comments

Sir What should Be my SL for NTPC long position?
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@ms555, 158
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ms555 bbrijesh
@bbrijesh, Sir than what will be the target and approx what time it should take to reach the target!
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@ms555, The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup. (Source: http://www.stockcharts.com/school/doku.php?id=chart_school%3Achart_analysis%3Achart_patterns%3Acup_with_handle_continuation)
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breakout does not appear with volume :-(
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bbrijesh ankur010
@ankur010, patience
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is your cup handle breakout still valid...from 167 it has dipped to 162 now....this dip violates the handle design
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bbrijesh RajeshGambani
@RajeshGambani, Invalid below 158
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@bbrijesh, i cant understand its underperfoming nifty massively, from 8000 to 8350, and its there from 162 to 161 after hitting 167 last week, is this a breakout or breakdown!!
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bbrijesh RajeshGambani
@RajeshGambani, Such is the nature of stock
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