CUP AND HANDLE PATTERN , BUY AT FLAG HIGH
Watch SHANKARA BUILDING PRODUCTS on a weekly timeframe nearing the descending trendline (almost fifth time). If it breaks the trendline and sustains, we can see 600+ levels then 1000 levels. Please note I’m not a registered analyst. Please analyze your self before investing.
This scrip is expected to form cup and handle pattern. Sometimes this type of pattern gives good returns. So traders keep on your radar to catch the momentum.
I will buy SHANKARA because : It has been taking support at the trend line . It has touched the support 2 times and has not been able to break it. So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 371 Target : 450/500 Stop loss : 359
Shankara buildcon has made IHS pattern. Looks good for 498. If closes above 498 on daily basis then 580 can also come. Not meant for any tip or call.
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Enter the this stock above 470 day closing candle for positional.
BSE:SHANKARA moving well and will by the channel in the chart keep bullish for long term perspective. Long Term Target of Rs900. As the demand pick up for Infrastructure and related segments this counter will see good growth in coming years.
SHANKARA BUILDING PRODUCTS on weekly basis taking support at the ascending trendline. We can see some upside if it sustains.
Bounce will be ferocious! it might hit 550, 990 in quick time! NOT SEBI registered. Charts produced here are for personal reference only and not any recommendation.
Hi Investors, SHANKARA has been trading near its life time low (LTL) for two years now. Looking good for a long-time breakout with 435. Rest explained in the above chart. I hope you will benefit from this knowledge -MetaVish
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