TPL Plastech - There are many a Cups for you to take a Sip :)
TPL Plastech - after breaking out of a Beautiful Cup and Handle Pattern above 78 levels, the price started travelling within a Parallel Channel forming repeated Cup structures (Rounding Bottom)
Today, the price momentarily broke down below the previous Rounding Bottom BO zone around 106, but took support from the bottom of the Parallel Channel and bounced nicely to end the day around +2.58% and also sustained above the Support line of 107
Today also formed a Harami Cross pattern which is a 2 Candle Bullish Reversal Indicator. Its so reliable because it formed at the intersection of 2 support lines
Targets are 140, 150 and new Target based on the new Rounding Bottom pattern is 170. From CMP - we still have another 70% upside left
Remember....
Every "Dip" in the price...
Forms a "Cup" structure...
For you take a relaxing "Sip"...
If by 3:15 pm on Friday, the price manages to sustain above 107 then you can Add / Buy Fresh with full Conviction :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Today, the price momentarily broke down below the previous Rounding Bottom BO zone around 106, but took support from the bottom of the Parallel Channel and bounced nicely to end the day around +2.58% and also sustained above the Support line of 107
Today also formed a Harami Cross pattern which is a 2 Candle Bullish Reversal Indicator. Its so reliable because it formed at the intersection of 2 support lines
Targets are 140, 150 and new Target based on the new Rounding Bottom pattern is 170. From CMP - we still have another 70% upside left
Remember....
Every "Dip" in the price...
Forms a "Cup" structure...
For you take a relaxing "Sip"...
If by 3:15 pm on Friday, the price manages to sustain above 107 then you can Add / Buy Fresh with full Conviction :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.