19 weeks cup n handle.
shakeout done in the handle. it coincided with 50 DMA, holding.
pocket pivot just prior to BO.
nice volume contraction in a base.
up day volumes is higher than down day volumes withim base.
Tgt - 480 - 500 - 540
8 weeks cup n handle - 2nd stage base.
depth is little more - 32%
Strong prior uptrend - 375% from lows.
Pocket pivot formed today.
Its coupled with good fundamentals and promoters buying.
Its even at ATH levels......
nice 15 week base with volatility contraction i e VCP. also a triangle pattern.
it broke upper trendline with pocket pivot.
volume shows good accumulation within the base.
good for 15-20% move with SL around 77-76
11 week base - cup and handle
shakeout in the middle of base on weekly chart.
it changed character to bullish after breaking upper trendline.
then it gave pocket pivot on 20/11/20 off 50 MA which was also low cheat entry.
now it again gave continuation pocket pivot off 10 MA showing sign of strength.
Looking at 600 min and then even further
good long 14 weeks consolidation of 20 % depth.
It's a flat base as per Marketsmith India. if so, its definitely ready for BO.
quiet volume thr' out base and contraction in handle.
Pocket pivot before BO. Good sign.
stock was in long consolidation of 18 weeks.
then first it broke the upper trendline with volume.
then it also broke out of range with volume.
Today it gave BO retest with continuation pocket pivot from 10 DMA.
Nice 14 week base showing signs of accumulation. good fundamentals. holding 50 DMA.
Pocket pivot on Thursday with good follow through. Entry above 1274.
Shows the change of character with pullback entry on 50 DMA.