After a 1 year long trendline breakout at 103, now consolidating between 105 - 120. You can accumulate in this range. 130 is the strong resistance, after breaking this, the targets are mentioned and can be achieved in a year if company's financials were strong. Double bottom and a strong support at 85.
A Cup with Handle pattern in Kirloskar Brothers, A Breakout of Handle And possible target of 1000 to 1200 in long-term. anyone want safe enrty can wait for retest of 390 and 365. And 345 will be the Stoploss. Thanks
Cup with Handle Pattern in Rain Industries. The Vertical distance of cup is Rs.230 or 84%, that way the target of this pattern comes at 500+ means after the breakout of 270, the stock will move 230 pts. or 84% upside. But if it sustains below 140, then this pattern may fail, you can put stop loss at 140. And after that you can re-enter at 175 again.
