Breaking long term resistance , formed symmetrical pattern and now forming cup and handle pattern in weekly frame. target time frame (4 to 6 months) entry - 2100
RISING WEDGE PATTERN WEEKLY PATTERN ENTRY - 690 STOPLOSS - 725 TARGET - 555 Rising Wedges are bearish pattern Rising Wedge Patterns forms with Higher Highs and Higher Lows. Rising Wedge pattern basically forms in two shapes - 1) If rising wedge pattern forms in an uptrend it will make reversal and 2) If rising wedge pattern forms in a downtrend it will make...
weekly chart - broke ascending tringle pattern back to resistance zone again formed ascending triangle pattern support at 532 TARGET - 655 (HEIGHT OF TRIANGLE) SL- 575 DURATION 1-3 WEEKS
Maruti Suzuki India formed a bullish cup and handle pattern in 1 day time frame as well as 1 week time frame ( neck line @ Rs 7215) TARGET 2 - 8340 TARGET 1 - 7803 EARLY BUY - 7216 SAFE BUY - 7228.50 SL- 6818 kindly wait for the retest .
Clear cup and handle formation can be seen in ICICI bank 1 day chart and weekly char t ,along with cup and handle pattern being formed at the volume , possible to create 52 week high after breakout. CMP - 642.70 SL - 617.45 TARGET - 700 OR HIGHER
Formation of cup and handle patter in arvind ltd, Risk reward 2:1 the pattern is completed and being retested. CMP- Rs 78.60 ENTRY- Rs 82.65 TARGET 1- Rs 97 TARGET 2- Rs 110 SL - Rs 70
bullish trend after a downtrend, formation of cup pattern 1D time frame, constant maintain in volume , huge possibility of upward movement with increase in bullish months june,july,august.
Cup and handle pattern have been formed and after being retest their is huge probability of golden crossover as 200 period weighted moving average is being passed by 50 period weighted moving average. if any doubt or issue comment here. for edu purpose only