The stock has been forming an cup and handle pattern on the weekly timeframe moreover it has attempted it beforehand in 2015-17 however it could not sustain it and could not hit the targets , rather it broke the support and went completely downhill
fastforward to 2024 it has entered into its last phase of cup and handle formation second time
this one began aroun 2018 , this time the consolidation is also pretty long and the pattern is also perfect moreover the fuandamentals are also supporting the techincals
The FII have increased their stake lately and the promoters are also buying the stake added with
pretty handsome OPM and NET PROFITS also the volumes have regianed the momentum back like 2015
This new cup and handle formation can rather be termed as complex cup and handle pattern as it has more than 1 handle , this complex cup and handle pattern is quite rare and brings in quite relaibility and confidence in the stock
TARGET 1 - 427
TARGET 2 - 465
TARGET 3 - 877
fastforward to 2024 it has entered into its last phase of cup and handle formation second time
this one began aroun 2018 , this time the consolidation is also pretty long and the pattern is also perfect moreover the fuandamentals are also supporting the techincals
The FII have increased their stake lately and the promoters are also buying the stake added with
pretty handsome OPM and NET PROFITS also the volumes have regianed the momentum back like 2015
This new cup and handle formation can rather be termed as complex cup and handle pattern as it has more than 1 handle , this complex cup and handle pattern is quite rare and brings in quite relaibility and confidence in the stock
TARGET 1 - 427
TARGET 2 - 465
TARGET 3 - 877
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.