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kajaria cup and handel pattern

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Aug 5, 2012.

  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Is kajaria forming cup and handel pattern and if so can we buy with stoploss of 167.
    Correct me if I am wrong.
     

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    sanjay_sansanwal, Aug 5, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes it is forming cup and handle pattern but breakout above 180 should be your entry point.
     
    shabbir, Aug 5, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Thanks again, I have marked above 180 to enter.
     
    sanjay_sansanwal, Aug 5, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Great and did you notice that the same pattern in the same stock was formed around 90 and breakout above 105 made it go to 190.

    Hope similar things happen yet again because patterns do repeat history.

    Remember it may not happen so don't wait for the same thing to happen all over again and take profits at needed levels.
     
    shabbir, Aug 5, 2012
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