The stock has nicely formed Cup with Handle pattern and gave breakout today. One can buy the stock for trading/Investment purpose. The pattern is reliable however its a longer pattern so naturally it may take time to reach the target. One can expect the target in the range of 380 - 400. It is important to locate the pattern in uptrend only, price should rise...
Bharat Forge weekly is showing a nice cup and handle formation. Buy can be triggered on the trade above the breakout level of 1100. Expected targets are 1330 and 1430.
Handle formation is about to get over and resistance 317 should breakout to act as good support and price might move up to 374 thereafter.
IDFC BANK this is new bank but i hope that it will will defiantly cross 100rs. level but right now a strong pattern is form cup and handle in both weekly and daily chart and fibo retarcement is also showing some up move. So i feel immediate target will be 65 second target will be 71 and final target from my side will be 83
ITC reacts to budget as every year tax imposed on tobacco products are increasing. Anticipating the same from upcoming budget as well. Also given an example of Cup and Handle pattern, just for educational purpose only.
nice one to get into in range of 7900/8000 stop 7800 cash
Cup and Holder formation on TCS and shows bullish. Trade Buy abv 2290 Target 1 - 2320 Target 2 - 2340 Points gain - 50 Don't trade until the trade active.
The chart has made a Cup with handle pattern but getting overhead resistance before reached the target. It has also formed beautiful triple drive on the top pattern and bearish engulfing in the last bar, therefore I would recommend to short it at current level with stop loss just at the high made a bar ago(on closing basis). With little bearish strength it could...
On monthly chart, the price action formed a cup and hanlde formation, indicating bullish trend to proceed in coming months. Now, the price action is ranging in descending triangle and the breakout from there shall decide the further movement in prices.
On monthly chart, it is been observed that the price action formed a bullish cup-handle pattern that indicates continuation of trend and further upside movement. It is a great opportunity to invest in this particular stock at current price levels to gain more than 55% returns. Target: 67 Stoploss 29 Duration: 6 months