Today's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart.
We may see a couple of days of profit booking due to the following reasons:
1. F&O Scrip
2. Near lifetime High
3. Has been closing in green for 8 consecutive days
But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip...
Cup & Handle Pattern Formed With Nice Price Action. Pin Bar Formed At Resistance.
Stock Has Done Well Last Week When Entire Stocks Were Going Down, So Good Relative Strength As Well.
On The Verge Of A Breakout.
Happiest Mind has formed nice cup and handle pattern. It hasnt broken out of the pattern yet - but expected to break in next few sessions. One can enter a LONG trade in stock in HAPPIESTMIND.
Entry- 1010 (on closing basis on daily candle) . Entry will be good at this point as 1000 is nice round figure psychological support.
Orient Bell Ltd
Stock On weekly Chart forms Cup & Handle Pattern and give breakout with good volume
Also on daily chart forms bullish H&S pattern.
Now stock will retrace after this BO.
Can be add at 650 levels at trendline support levels.
For positional targets of 870 to long term targets of 970.
Above levels are for education purposes...
As can be seen in the chart NSE:AFFLE is forming Cup and handle formation. All the Levels are mentioned in the chart.
One can go long after a Successful breakout.
Disclaimer : For Educational Purpose only.
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...