Inverted Cup Pattern – Cairn India – EQSIS PRO

This topic has 1 reply, 2 voices, and was last updated 8 years, 4 months ago by Mahesh.

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November 15, 2015 at 10:45 PM #13879

Srinivasan k
Participant

Rank: Level 1

Cairn India Ltd

Inverted cup position formed during 3 months period of time

Higher bottom of 124.30 in mid of 24 August and reached Higher top of 167.90 on 08 October, currently closed at 130.7

Trade plan
Shorter upto 123.8

long position shall be created after the above point and target to 140 to 145
Stop loss at 120.0

December 23, 2015 at 3:37 PM #15053

Mahesh
Participant

Rank: Level 2

Time duration is only two months and has higher volume trades in between, so I’m not sure whether it’ll satisfy the conditions needed for a cup pattern. Let me know if I’m wrong.
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