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Cup & Handle formation for SAIL stock

Discussion in 'Technical Analysis' started by ganesh_devkar, Sep 8, 2016.

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  1. ganesh_devkar

    ganesh_devkar Member

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    Hi Shabbir,

    I studied Cup & Handle yesterday and saw the same formation for SAIL, am I right about below formation.

    upload_2016-9-8_8-55-39.png
     
    ganesh_devkar, Sep 8, 2016
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  2. shabbir

    shabbir Administrator Staff Member

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    Spot on.
     
    shabbir, Sep 8, 2016
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  3. shreeganeshchikhali

    shreeganeshchikhali Active Member

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    Respected ganesh sir,
    i think u r goning right towards but look @ today the stock is almost 5% down.so u need to explore mroe ur analysis.
     
    shreeganeshchikhali, Sep 9, 2016
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  4. ganesh_devkar

    ganesh_devkar Member

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    You are right Shabbir, i need to look at a stock from different angles and then decide. Thanks.

    That brings me to another question, what are the minimum essential analysis charts we need to look at before deciding anything about a stock. This will help me take fully informed decision.

    Regards,
    Ganesh

    Sent from my A0001 using DIY Technical Analysis mobile app
     
    ganesh_devkar, Sep 9, 2016
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  5. shabbir

    shabbir Administrator Staff Member

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    I keep things simple and only focus on support and resistance level when charting. Believe me it is only thing that is necessary and you will not need any other parameter on the chart.
     
    shabbir, Sep 9, 2016
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  6. narendrakurajak

    narendrakurajak Member

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    Sabbir sir can you share the link whete we can get these resistance and support level for stock.As calculating by hand may lead to wrong information
     
    narendrakurajak, Sep 12, 2016
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  7. shabbir

    shabbir Administrator Staff Member

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    Relying on such links would mean you are making yourself lame in the market as well. The calculation has to be based on price action by looking at charts and that is what I prefer.
     
    shabbir, Sep 12, 2016
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