1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Cup & Handle formation for SAIL stock

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

Tags:
  1. ganesh_devkar

    ganesh_devkar Member

    Joined:
    Sep 4, 2016
    Messages:
    30
    Likes Received:
    18
    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
    Share #1
    vishalequal likes this.
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Spot on.
     
    shabbir, Sep 8, 2016
    Share #2
  3. shreeganeshchikhali

    shreeganeshchikhali Active Member

    Joined:
    Aug 18, 2016
    Messages:
    40
    Likes Received:
    46
    Occupation:
    pharmacy
    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
    Share #3
    ganesh_devkar likes this.
  4. ganesh_devkar

    ganesh_devkar Member

    Joined:
    Sep 4, 2016
    Messages:
    30
    Likes Received:
    18
    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
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    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
    Share #5
    yankeedin and ganesh_devkar like this.
  6. narendrakurajak

    narendrakurajak Member

    Joined:
    Sep 6, 2016
    Messages:
    13
    Likes Received:
    10
    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
    Share #6
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    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
    Share #7