Inverted Cup and handle - Wipro. Ready for a downward break?Chart says it all. Forming an inverted cup and handle(Bearish). I expect it to breakdown in few days.
Inverted Cup and Handle
M&M - Intraday Inverted Cup and Handle. Hello All,
I've been tracking M&M whole day today. M&M is forming a inverted Cup and Handle pattern as drawn in the chart. It has a very crucial support of 600 which it tried to break a lot of times but failed.
I think it will breakout downward tomorrow.
Can be shorted below 599 and target of 580 and 590 respectively.
IDFC FIRST BANK BREAKDOWN (INVERTED CUP & HANDLE)IDFCFIRSTBANK broken its neckline in previous day session. However shorting below 28 is recommended with SL 29.6. There's increase in vol when started falling in handlle formation. It indicates the weakness
Target and trading plan is mentioned in the chart.
Also, it is forming H&S as well. If it closes below 28, H&S pattern will also gets completed.
HERO SHORT SIDEINVERTED CUP AND HANDLE pattern is seen in weekly. may able to see more down. last hope for bull is 2364. or may see 1900 in 2020.
Inverted Bearish Cup and Handle It has formed an inverted bearish Cup and Handle. Of course, handle is still in the making. This chart pattern tends to trigger a bearish price movement. A limited fall in price up to 1450 is expected. This is based on depth of a cup. If you plot daily trading volume from 10th Jan to 22nd Jan then it supports or confirm the chart pattern.
Biocon : Inverted Cup and Handle? Can someone please validate? Biocon price seems to have formed inverted Cup and Handle on a monthly candlestick chart. This is on the slanted price movement. Handle has reached 50% of depth of cup. Any significant upmove may invalidate inverted Cup and Handle. Need some more insights on Inverted Cup and Handle
Biocon - Weekly Price Movement - Inverted Cup and Handle Chart Biocon has formed inverted Cup and Handle price chart. This is also known as bearish Cup and Handle. Biocon price has recently bounced back from 212 to form handle. One may want to consider it as the probable negative breakout. I am exploring the possibility of it happening. Can anyone please suggest?
ALANKIT VERY BEARISHRaids find tax fraud of Rs 1K-crore by e-governance service provider Alankit group and we can also observe an inverted cup and handle pattern with a clear breakout.
Nifty Inverted Cup and Handle PatternNifty view for this week
Chart Pattern Shows 2 Observations
- Inverted Cup and Handle Pattern, Which shows Strong Bearish Move Below 11600
- Clear Down Trend Channel
- Fibonacci Retracement view shows, Market is taking support near 50%=11619
- Normally Nifty takes Support at 61.8% Retracement Level Which is 11506
- So 11500 is Very Very Important Support to hold for this Up-Trend
- If breaks Below 11500 we may see
78.6%=11344
100%=11137
Currently Strong Resistance Formed at 11841, sustain above this will neglect this Bearish view.
Open Interest Data:
12000 Strong Resistance & 11700 Strong Support
Disclaimer: All the Recommendation/View Given in Arrowmoney are only for internal study purpose. Consult your financial adviser before making any investment decision.
HeroMotoCo - Intraday - ShortIf it breaks the lower support & Sustain, possible targets are mentioned in the charts..
And ADX is in strong selling mode. If everything goes well as per our prediction, will get 100+points..
All the Best.. Have a Profitable Trade..
Thanks,
Chandru
