Stock moved up from recent low's. Not a popular name but strong MNC company. Stock is about to complete Classic cup and handle pattern on charts. One can start accumulating right now and buy rest of the quantity above 0.68Fib level closing. Breakout zone mentioned on charts. Closing above breakout level might trigger good amount of buying. Can not time this stocks...
Learning chart basics, this is first post, comments welcome!
Today the stock witnessed a breakout from the consolidation base. The cup-with-handle formation occurs frequently before big moves made by stocks and such occurrences are no coincidence. In the present scenario before the formation of the cup and handle pattern, the stock witnessed an uptrend with higher swing lows and higher swing highs from the levels of 2588 to...
Cipla cup and handle breakout. Add on dips 710-702 SL 680. Conservative target 745-53 (handle height). Aggressive target 800 (cup height). Rsi negative Divergence so aggressive target is tough to reach. Result on 7th Aug.
Axis Bank has formed a cup and handle pattern
Drived by Excellent result posted last tuesday. Keep the SL anything below the Strong Support of 700 . For T1- 903 T2- 1029, T3 - 1201(Long term target).
Cadila started Human trails of COVID-19 Vaccine. The daily chart shows classic Cup and Handle formation. Recent Close is above the Handle line. Hence backed by the news and supported by technical indicators, upmove expected. Price levels are congested in a narrow zone, hence various support-resistance lines can be observed. Entry Price: CMP Target 1: 404 Target...
Gold touches the previous high in 2011 and forms a cup pattern in monthly chart, I hope it will form a handle for perfect entry for long.
Deepak nitrate Long, Brokeout from previous resistance and formed cup and handle
Zyduswell long , breakout and cup&handle