- This topic has 4 replies, 5 voices, and was last updated 8 years, 6 months ago by .
Viewing 5 posts - 1 through 5 (of 5 total)
Viewing 5 posts - 1 through 5 (of 5 total)
- You must be logged in to reply to this topic.
feel free to call us +919500077790 info@eqsis.com
Tagged: bullish, CUP Pattern, Godrej industries
Symbol : GODREJ INDUSTRIES
Direction : Long
Entry level : 321
Stop loss : 260
Target : 335
CUP pattern formed between SEP TO APR
The Trending Chart is similar to a Cup. But the entry at 321 with a TGT of 335 and SL of 260 means, risk of 61 per share and reward of 14.
Risk Reward ratio of 4 : 1 is not suitable for trading. Risk reward ratio should be 1 : 1, or 1 : > 1.5.
In cup pattern, the volume should be low at the time of cup pattern formation.
I thought the volume is not low there up to the period sep to apr.
If i told anything wrong, consult with Mr. murugan.
The Risk reward Ratio need to be at-least equal..
As per the attached image the risk is greater than returns…
The attached chart does not have the characteristic of CUP
Note: Occurrence of Cup Pattern is not as frequent as others….
Dear Madam,
The important characteristics of CUP pattern is, Correlation co-efficient factor. The correlation coefficient factor should be low during the mid of the pattern. Here in this case, it is above 0.60
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro