It's the analysis of MCX NATURAL GAS. It forms a Cup and Handle. It gave a breakout with conformation.
When it forms a cup and handle, wait for the conformation with Indicators. Also it gave good breakout from a trendline.
Comment your opinion about my analysis...
RAIN has given breakout on weekly chart,
Inverted H&S on Weekly
Cup Handle on Weekly
on 21-Dec, it has given false neckline breakdown, however it reclaimed it with good volume.
it sustained above neckline after giving false breakdown of neckline.
it as given Cup& handle breakout on weekly with good volume
it has retrace 61.8% of...
BSOFT has formed a cup & handle format, it tried to breakout 208-210, 52W High with good volume, but at the day end it closed just below breakout level, it has gained 10% intraday basis. opening flat on next trading session will give good positional. it is likely go up for 240-250 levels
In the recent consolidation it has re-tested previous 52W high, which is at 173 level
Kolte 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...
Eveready Industries shows cup and handle pattern clearly in daily chart. Can go long for up move from here with a stop loss of 150. High volume can also be seen. According to technical analysis, long term targets can be seen around 275. Happy investing :)