Bull case= As depicted... Bear case incase we dont achieve the target..I will post a chart...I really suspect this rally though..but we will trade what we see...
CMP : 920 SL : 823 Target : 1060, 1150 1) Very bullish trendline breakout 2) High dividend paying company so attracting buyers more on dips. Recently provided Rs.35/- per share, that is almost 3.5% yield. 3) Excellent delivery volume last 2 weeks, on average the company is having 40% + almost everyday. 4) Cup & Handle is pattern is very strong in sideways...
Amal Ltd: A perfect Cup w Handle formation, can take an entry at 149.80 with a SL at 140.05 marked on the chart. Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
First source solution (FSL) looking for breakout from parallel channel. Third Elliot Wave has been started which can be confirmed by volume blast. Formed cup and handle pattern which is near breakout point. All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details. Third wave target 58 Fourth Wave target...
looks like stock is forming cup and handle. This should be on your radar for breakout
Buy above 1200 for target of 1416 and 1600. Long term view
ITC has formed Cup and Handle pattern and it is closed above the 50% Fib level. The next target can be the depth of cup pattern, which will be around 220. Stop loss can be placed below 200. This is as per my analysis. Happy Trading. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any...
Stock is showing cup and handle chart pattern. Will be a good long. I am already in it. Use proper risk management. Want to make money along with me? -Click on the follow button.
buy eur usd after break neck lane ..
Breakout on good volumes
ITC has recently broken out of a cup and handle formation. a good place to buy will be beyond the pattern.
BALAKRISHNA INDUSTRIES: A 17 week long Cup with handle pattern. with a cup depth of 46% and currently the CMP at the neck. If breaks we can anticipate a good move upward. Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor