Rounding Bottom, Cup and Handle, Double Bottom all rolled into one chart on ITC (weekly basis).
The depth of the cup is around 80. That means it should go till 240+80=320 once the breakout is achieved.
Strategy: Buy levels:195-210 (due to recent Rs 5 Dividend). Hold till atleast 300. Time Frame:1-6 Months
(Only for illustration purposes. No buy/sell advice.)
Rounding Bottom Complete
Cup and Handle Formation (Reversal)
After longtime of Consolidation and Correction
TGT : Previous all time high of 5900.
Suggestion: Buy at current levels in a staggered manner for handsome return. (Term: 15-45 days)
Pattern formed overtime from March 2020 to January 2021. Support of 13750 on the lines have been breached. Now nifty is open to go down till 13000-13200. However, If 13800 on the upside is breached, then we can can see a rally till 14500. After that 15000 levels will be on the cards but lets restrict ourselves till 14500 for the time being.
Markets are extremely...