AbhishekHSinghCMT
Education

Tata Coffee-Enjoy the Coffee in The Cup

BSE:TATACOFFEE   TATA COFFEE LTD

Thanks for your precious time & do put your feedback below in comment section - I would love to hear from you. Most of us can learn as well -

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Correction -
Sorry using "circular shape" over the video - Its a curve shape from 168 to 185 - silly mistake -happens.

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Trading Strategy

Plan A -

19:57 Hrs / 14th March 2019
Last Price@95.35


Buy If you get dip somewhere close to 90 & 85's - obviously you should throw away the cup if 80 gets broken that should be understood.

Target 1
120-140

Target 2
Above 140 - 175-185

Target 3
Above 185 - It should not move below 175 post crossing 185 highs then look for 250-280's as suggested over the video.


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Image of the Coffee on 26th Aug 2018



Enjoy the Coffee in The Cup - With Double Bottoms@80

Cup & Handle Pattern

A cup and handle price pattern resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern typically has low trading volume , and may be as short as 7 weeks or as long as 60-75 weeks- roughly a year and half.

The fall from 185 in Nov 2017 shall complete a year in Nov 2018 so that would be the period or time zone plus couple of months more- one should be alert as its aroma could spread across the globe & everyone would be interested to take a sip.

Cup and Handle Stops and Targets

A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout.
Successive breakout zone shall be above 175-185 & I am taking conservative target measuring 85 points which is depth of the cup above 168-170 zone or above 185 as shown over the video, which gives a roughly target zone of 250-280.
Once it breaks out & above 140 key level –make sure it never returns back below 140-135 zone else that could be risky.

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Trading Strategy Suggested on 26th Aug 2018

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Trading Strategy

Long Term Strategy

Plan A –
Wait for the stock to cross 140 & upper trendline of the handle & maintain stops below 135 once it crosses above 140 – Target Zone -175-180 & Above 185 – as 250-260.

Plan B -
Look to buy above 175-185 zone & keep in mind –price should not dip below 175 after crossing the zone of 175-185- Target Zone 250-260.

Plan C-
Plan to buy in 80-85 zone with strict stops below 80 – if goes below 80 –Throw the broken cup.

Short Term Strategy

Plan A –
We look to sell from 115-117 zone with stops above 118.50 for target 112 – 106- 101

Plan B –
Buy above 118.50 for 121-123 zone - book & out.

Plan C –
Sell from 122-125 zone with strict stops above 128 – Target zone -118 -112-106 - 101



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Trade active: 18:35 Hrs / 24th April 2019

Last Price@91.30

Coffee stock has range bound move between 100 & 85 zone - as suggested in the Trading Strategy as top end that
"look to buy at dips at 90 -85 & Throw away the cup if goes below 80 level"

We got 1st buying at 90's next if you get to buy close to 85 that could be amazing or wait for move above 100/101 Highs

Expect Good Move once ------------100/101 is taken out on upside but no trades if 80 gets broken on downside.

Thanks
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
cup broken and thrown once 80 was broken. dipped to 67 and has moved up now back to 80 zone. Worth a look now just avoid?
Reply
Hi, @AbhishekHSinghCMT first i appreciate your work on Tata coffee chart but the analysis which you say as cup with handle is invalidate

Reason

#1 cup formation starting has broken by higher high

#2 handle broken low lower

Note: #2 is market telling you that the view looking is wrong

Thanks
Reply
@tamilstocks, So, You suggest it will be more bearish and it can slip below 80's as well.
Reply
tamilstocks AbhishekHSinghCMT
@AbhishekHSinghCMT, Thank you for your quick responds due to this post is educational regarding Cup with Handle I like to tell that and no, right now i'm not have confirmation either bear or bull side to jump in trade/bias sure i will update my view cheers :-D
Reply
Thanks for Coffee with century ply.
Reply
@AMBRISH, Welcome! Enjoy Your Coffee!
Reply
Thanks for sharing this video great work
Reply
@ganrocks28, Welcome!
Reply
Thanks. Very useful .
Reply
@prabakaran62, Welcome!
Reply
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