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...
Tata motors has made cup and handle pattern in weekly time frame and it is about to give breakout . Good opportunity for swing trade .
Keep an eye on this .
Also in daily time frame it has broken a level . in daily tf also traingle pattern has been formed .
If good volumn comes in next coming days . Good return is on the way .
just it is my opinion consult your...
Grasim has formed cup and handle pattern and stock is almost at the neck line. Good target can be achieved if it gave a breakout with good volume. Note that this analysis was done by me only for educational purpose. Feel free to give and feedback.
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 :)