CHART LEARN

2. ONGC - This script has formed the pattern , Broken it and in the stage of Retest.

1. Swaraj Engine - This script has formed the pattern but yet not Broken the resistance ( waiting for the Breakout ).

To understand Cup & Handle and formation I have collected three Chart of different companies to learn it deeply.

The above explanation can be visualised by the pic.

Hello friends, today let's discuss about Cup & Handle Pattern. A Cup & Handle Pattern formation consists of drop in the price and rise back upto the same value in the shape of U , followed by a small drop and then a rise above the previous peak.

I am tracking KSCL from ₹ 500 levels. The reason is Flag Pattern.

One more point. The Resistance in KSCL is broken with the formation of Bull Flag Pattern. This combination is surely helps the price to reach New High's in future. Win Win situation for the Shareholders of KSCL.

From the example pic : one can understand the R & S. How price falling from Resistance & Taking Bounce from the Support.

From last 04 years it has not crossed the levels of ₹ 670 due to same resistance. Now it will acts as support as the strongest resistance is converted into the strongest support. The concept is that resistance will through the price from the levels and support will bounce back the shares from the levels.

So guys the above one is the chart of KAVERI SEEDS COMPANY LTD. Just try to point out the blue circles mentioned there which is facing the resistance of Rs 670 and in month of April it has Brokenout the resistance and now it turn out into the Support.

Guys there is no need to go to Money Control and check there. Its just the message I have dropped there. 🙏

Good Morning Freinds, I am happy to say we are Tortoise in the picture. He definitely takes time but he is the only ultimate 🏆 Winner 🏆. Regards. CHART LEARN.

As per pattern one can see that the script is in accumulation stage and the accumulation resulted in the formation of Ascending Traingle Pattern. Now it has Brokenout from the range as shown in Chart. The Round part is the volume which means that there is a huge potential in this script to achieve the target of ₹ 550 in coming months.

Now if any one has to take position in can enter here for the Target of ₹ 140 with the Stop Loss of 75.