Cup with Handle in Vibor
Sun, Mar 22, 2015 12:00 AM on Technical Analysis,
|
Price trend |
Upward leading to the pattern. Price rise leading to the cup. |
|
Pattern |
A rounded turn that looks like a cup with a handle on the right. |
|
U-shaped cup |
The cup form U-shaped, not V-shaped. |
|
Handle |
The cup has a handle on the right. |
|
Cup duration |
38 weeks |
|
Handle duration |
4 weeks |
|
Cup |
Cup form the same price level @ 175 |
|
Volume shape |
Cup with U-shaped volume tend (Avg volume -10,000 few weeks) |
|
Buy/ Target |
Buy when price closes above the right cup at Rs.175 target with Rs.235 (point A, and the top horizontal red line). |
|
Stop |
The handle low (point C) is a good place to put a stop when price closes below Rs.150. |
Sagun Shakya
Jeevan Shrestha
Technical Analyst
Disclamer:
Opinions expressed are those of the individual authors and do not necessarily represent the opinion of sharesansar.com This commentary is a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. IMS Investment Management Services Pvt. Ltd accepts no liability whatsoever for any loss arising from any use of this contents.
