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pradipandsuvra

RAILTEL: Cup and Handle breakout

Long
RAILTEL CORP OF IND LTD (NSE:RAILTEL)  
pradipandsuvra  
NSE:RAILTEL   RAILTEL CORP OF IND LTD
Cup And Handle indianstcokmarket indianstocksanalysis cupandhandlebreakout railtellong stocktowatch
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cupandhandle indianstcokmarket indianstocksanalysis cupandhandlebreakout railtellong stocktowatch
RAILTEL has a perfect, copy book Cup & Handle pattern formation.

The chart looks bullish with the following properties:


  • A long term Cup & Hande formation with a good volume breakout.
  • If it sustains above 120, one can go long with a SL of the neckline of the Cup & Handle pattern (i.e. 117)

Long above 120 with a SL of 117.

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