this chat pattern is a typical chart pattern of a flag symbol .. the rsi level is in the middle hence do have space to move up .. the graph also has have a punch of 6% in recent past and now giving Indicator of the flag symbol... look after the news to see if there is any negative sentiment for the market ..
A pattern like this doesn't make any sense cause according to the rsi it is already overvalued ... Going long with such pattern is not favorable and recommended .. if the rsi is in the lower middle then it is usually the most favorable
this is the most beautiful cup and handle sign I have ever seen ... go long on this it may give 100% take a delivery now as it has reached the support level and also completed the fall of 1\3 of the chart .... as this is a long holding stradgy we will need some fundamentals to check ... this company :Techno Electric & Engineering Company Ltd. (TEECL) is one of...
buy a pe or sell a CE .. this is a very strong sign in the week wait till the last Friday and buy the PE for the closest month will give good returns .. and don't forget to Hegde these as options give a huge risk of losing money..
If you guys remember different type of reversal signal then wait for the stock to give a reversal signal the stock can give 40% return in few days after a reversal sign ... look for the rsi,Ballenger band to give signal ..also use different signal like morning Star,etc...
NSE:PHOENIXLTD
If you do option then it will be really good if you buy a PE for this stock
It will be better if you buy a PE for this for a month expiry
