The Cup and Handle pattern forms in Bata India with high volumes and bullish Marubozu candle breakout. The stock is above 30 days ema.
Go long after Breakout, set stop loss below the handle (Rs.2130/-). The targets should be placed near Fib retracement levels.
Inverse Head & Shoulders pattern forms in TCS after a long bearish trend. it indicates the end of the bearish phase and the onset of an uptrend. After a breakout in this stock, take long positions. Target should be around @ Rs.3650 and set Stop loss @ Rs.3485/-
The swing opportunity comes after the huge breakout. Stock price support and above 30 EMA (Short term), Buy Hdfc Life and set Target @ Rs .740/- & Set Sop loss @ Rs .700.50/-.
The above analysis is only for educational purposes only.
The Cup and Handle pattern in Ambuja Cement forms in an hourly time frame.
Buy on Breakout, set stop loss below the handle. The target must be around 425-435-445 and stop-loss near the 403 price level.
*The above analysis is only for education purpose only.
