3i Infotech- Inside the monthly cup and handle pattern, a weekly cup and handle formed and broke out. After that Flag pattern formed in daily and brokeout today for the target of 50, 60, 70, 120 and 220 finally in a longer term.
Note: This is for educational purpose only.
Volatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2...
3I infotech- After a small cup and handle breakout in weekly. it formed a flag pattern and today this breakout is happening for the initial target of 60.. then in the longterm bigger targets until 220 is there which will take time and will be shared later once it reaches 120.
Note: This is for educational purpose only.
In this analysis, we will thoroughly examine the technical aspects of 3i Infotech's chart, highlighting the breakout of the falling trendline and the solid strength shown by the Relative Strength Index (RSI). Additionally, we will assess the potential buying opportunity for 3i Infotech based on the technical signals. Let's proceed with the analysis.
Chart...
27 aug 2021 delisted
8.56 price of delisted
pe 3.5
10 face value to 1
now face value is again 10
face value interchanged
now 5% circuit is to become 85
simple word:-
delisting price on 27 aug was 85 rupees
so it has to come to 85 now.
back to back circuit is coming.
Buy if you can.
INTERESTING STOCK FOR STUDY.
3I infotech closed at a 5+ year weekly closing high this Friday and breached a 5 month old resistance trendline while doing so (red tl on the chart).
This breakout has come on the back of high volumes and it will most likely sustain and the stock will move higher in the short to medium term.
The three blue horizontal lines shown on the chart represent important...
3i infotech - CMP 8. Following cup and handle patterns for quite some time. Looks like it may go up in short term for a target of 11-12 with a sl of 6.8 on closing basis. Recent uptrend in volumes and making higher highs and higher lows also is a positive sign. This is purely for educational purpose and any investment shall be done with consultation of financial experts.
3IINFOTECH Cup and handle pattern formed in Day Time frame
Buy above 2.95 to CMP 3.25
Stop loss 2.19 below day candle close
Target 4.80
This is education purpose only.
