cup and handle pattern for stock ITC

Stock ITC

Cup and Handle Pattern break out

Buy at CMP

Target 300

Stop Loss 255

Sorry for posting late. i entered in this stock at 270 levels.

2 Comments

Anjan Prasad S 6 years ago

sir, I guess for a cup shape to form we need to check for at least 6 months and the pattern should be not exactly as cup shape but stock should not have any fluctuations and it should be almost flat, which does not reflects the actual market trend. I also saw the pattern, it appears to me as not cup shape, please check and revert. Thank you. Anjan

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Author

Yogesh Bhattu 6 years ago

Dear sir, thanks for reading my post.
In my best knowledge For cup shape we need to check for 6 weeks and handle should be 5-6 days long. Handle should be in upper portion of cup. Long term investor looks at past 6 months data. My outlook for any scrip is not more than maximum 2 weeks. Please correct me if am wrong….

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