VigneshIyer

Another Cup and handle Pattern

Long
NSE:TIINDIA   TUBE INVESTMENTS O
Time frame taken to form is 7-8 weeks till now. Another few weeks before pattern finishes depending on if it forms the handle or not.
Sl at 1124.

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This post is purely for educational purpose. One may do their own research before taking any position in this stock.
Comment: Trend hasn't broken yet. so we are on course till now.
Comment: Tried to breach 1400 but failed to resulting in a possible handle formation. The shadow of the candle on the left which was the start point of C&H ignored as per current pattern. could see 2-3 session of consolidation
Comment: The stock looks poised for higher level after breaching the upper shadow of 1470 levels . Here ideally it is better to bring sl to cost. and trail accordingly

Comments

Holding Tube Investments of India at 1160. Can we take hold for these levels?
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VigneshIyer sohamdey76
@sohamdey76, in my understanding i dont see danger unless it closes below 1090 on weekly basis. for ur level
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