Cup and handle Pattern breakout in DEEPAKNTR
The cup and handle pattern is one the most reliable pattern if it shows these signs in its formation:
Entry - 2185
Stoploss - 1930
Target - 2500/2600
I hope this analysis helps you take better decisions on the stock.
Thank you
Saurabh Yadav
- Big volume buying on the reversal from lows which shows that institutions are buying.
- Volume dry up on pullback shows in handle shows that the supply is being consumed by institutions showing no selling pressure.
- 2x or 3x the average volume on pivot breakout.
- Big price candle on breakout
Entry - 2185
Stoploss - 1930
Target - 2500/2600
I hope this analysis helps you take better decisions on the stock.
Thank you
Saurabh Yadav
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