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 :)
Action - Buy
Target Price 2500/-Rs
Stop Loss 2089/-Rs
Cup With Handle Breakout at 2289/-Rs
ADX - 25 Indicating Bullish Trend
MACD - 10 POSITIVE
Disclaimers: - The contents produced here are purely for Educational Purposes. They Should Not Be Constructed as Buy/Sell Recommendations
Financial Interest - Yes
CUPID LTD (SPOT) Made double bottom pattern. If it break neckline it may rally for level -299/325/349.
view negated below - 239 (Day Closing Basis).
1. Repeated consumption business
2. Expecting good quarter
3. Maintaining healthy dividend payout of 26.48%
4. Profit growth and ROE is also very attractive.
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