Cupandhandlebreakout
Maharashtra Seamles Ltd-Cup and handle patternMaharashtra Seamless Ltd stock shows cup and handle pattern in daily chart. First target is 320 which is the depth of the cup that has formed in cup and handle pattern. I would not suggest to buy at such higher levels today. Wait for the retesting level or can buy in dips. When it crosses 320 later, the previous support will be the resistance which will be 349.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on your research and analysis. Do not forget to give a like if you find this chart helpful. Happy investing :)
SAIL is super bullish for traders.volume increased.Hello traders,
SAIL is giving good move in these previous sessions and will also give good move in the next sessions.
check the chart for details.SAIL gave Cup and Handle BO and trendlines BO.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
Kolte Patil Developers Ltd-cup and handle patternKolte Patil Developers shows up trend. The daily chart shows breakout in cup and handle pattern formation. Ascending triangle pattern is also clearly visible which denotes further up move. Target 1 is 226 according to the depth of the cup of cup and handle pattern. Target 2 us 273 which is the target based on ascending triangle. Can go long with a stop loss of 178 and trailing stop loss. Happy investing :)
Note: These charts are for educational and learning purpose only. I am just a beginner. Kindly invest based on your research and analysis.
BULLISH SETUP After a terrific upmove in june month, stock has gone through a good consolidation phase and has given clear breakout with decent volumes and RSI showing some great strength. Also cup and handle formation at the top gives dual confirmation for the setup. One can expect good returns in short to mid term.
Disclaimer: Take this view for educational purpose. Trade/Invest on your own risk.
Happy trading, Happy Investing!