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CUP

International Conveyors @finger tipsI am waiting to see it in Uncharted Teritory😎✔️ Expecting a reversal from the current level.But need to stay Nifty postive. Risky players can enter @current level Others can wait for the Cup and Handle Breakout. ✔️ Anytime we can see a massive movement in the stock Reasons for this Stock Selection ✔️ 💎The stock was strongly accumulated between 40-50 range,u can see strong consolidation in the chart. 💎The back end data was awesome in the consolidation period. 💎Formed a nyz pattern. 💎Here the Cup with Handle is a bullish continuation pattern. 💎Final Shake Out.Sending those shares into sturdier hands in the market. 💎Low Volume in Handle is the another bullish sign. 💎Low Risk. 💎Promoters increasing their stake. 💎Technically promising chart(All studies explained in the chart). And I hope This is the Final SHAKE OUT || Bulls Awaiting✔️😎 weekly chart✔️ About The Business✔️ International Conveyors is engaged in Manufacturing and trading of Conveyor Belting, Trading of Ply Conveyor Belting, Steel Cord Conveyor Belting and fitting and accessories, Generation and Sale of Power. Hope you guys learn and trade responsibly only after understanding the mechanics behind the pattern🙏
BSE:INTLCONVLong
by ANKITHSHAJU
7
Cup forming on Kotak bank Chart Analysis:- On hourly TF of Kotak Bank we can see that Stock is making two patterns – Symmetrical Triangle and Cup - where Triangle is already formed but cup is yet to be form. As we know symmetrical triangle is bullish pattern and cup is forming so after a triangle breakout with a good volume we’ll see our expected targets and we can also take a help of indicators to confirmation of trade. • RSI is at 55 levels and also taking support on trendline. • On DMI DI+ line is crossing DI- line and approaching upward ADX line is below 20 which shows low momentum in stock right now but it will also support after Triangle breakout. • Bollinger bands is also giving Bullish signal stock is taking support on 20 EMA line. Entry point- 1756 - 1760 Targets • 1770 • 1783 • 1809 Stoploss – • 1727 Disclaimer - I am not SEBI registered analyst and I can be 100% wrong so do your own due diligence and consult with your financial advisor before investing.
NSE:KOTAKBANKLong
by sakshamjais1