- Stock is trading in the cup and handle pattern
-Stock break and sustain above 2444 Next level to 2630/2730 levels OR
-Support is near 2430 level on chart
It has formed a CUP on daily timeframe without a handle.
Good accumulation at lower levels.
Depth of cup is less than 35% - indicates strength
Expecting it to move sideways for a few day
Might form a handle
and thereafter a possibility of a breakout
Let's see
Good morning Friends , today we are going to talk about SKF INDIA stock looking good till it is above2300 level can go for long and hopeful to see 2370 tomorrow itself. for detail please watch video.
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SKFINDIA : cmp ; 2150.1
A pennant kind of pattern has been formed in daily chart.
BO possible above 2190.
Good to grab on dips .
Best accumulation zone : 2050-2100
TGT 2253/2288/2355/2402/2483/2563
SL 2014 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
