Very Clear Cup and Handle Formation. After Breakout Minimum Target should be 556+436= 992.
Buy only above 560 with 6-9 months Time-Frame.
SL should be kept at 540
All Prices should be adhered on a Weekly Closing Basis.
Fundamentally all Ratios and Valuations support investment rationale.
(PE-21, ROE-26, ROCE:30, OPM:19)
Disclaimer: No Buy/Sell...
Fibonacci levels as shown on monthly charts of Nifty. Levels mapped according to the levels at pre 2008 Crash high and post 2008 crash lows. It also predicted pre Covid crash Levels accurately
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)
Rounding Bottom with Cup and Handle Complete in Borosil Renewables.
Achieveable Targets TGT 350, 390+
*Only for Educational and Data Sharing Purpose. No stock buy or Sell Recommendation
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...
