Aarthi Industries: Cup and Handle Formation, Good Volume Show Co-incidentally, the depth of the cup and the All time high from is current level is to be same. So expecting good a move. So expecting it to reach its all time high which is also the depth of the Cup
Order cancelled
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Cup and Handle Strategy:
If the handle reach less than "Half of the Cup's depth, then we can consider the Strategy is not in favour to us. Let we analyze it: Depth of the Cup : 250 Half of the Cup's Depth : 125 Peak of Cup : 918 Difference : 918 -125 = 793 Current Maket Price : 781 So, CMP < Difference = 781 < 793 which shows the strategy has failed.
@dc7f6943678342db82f9a2ddce08e8, If the handle reach less than "Half of the Cup's depth, then we can consider the Strategy is not in favour to us. Let we analyze it: Depth of the Cup : 250 Half of the Cup's Depth : 125 Peak of Cup : 918 Difference : 918 -125 = 793 Current Maket Price : 781 So, CMP < Difference = 781 < 793 which shows the strategy has failed.
So don't invest now.. Incase if you have invested already.. then average like have mentioned in the other comment.
You can also consider the IT sector companies stock which are in good discounted price (nearly 30-40 %) low from its all time high.
Vaish_ma
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cann this go upside??
SiViCharts
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@dc7f6943678342db82f9a2ddce08e8, Current market price, 782 is also a good support only.. tested multiple times. you can check the level on March 7th. But wait for the green candle and then plan. If you not already bought the stock.. you can ignore the stock.. Incase if you bought and it is in loss more than 10% then you can split the amount allocated to Aarthi industries into 2 parts and average like below. and Average-1 at 745 Average-2 at 685
Vaish_ma
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@SiViCharts sure. i had taken entry with this . I'll avg as said
SiViCharts
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@dc7f6943678342db82f9a2ddce08e8 Wait for the confirmation candle, good green body candle or Dragonfly doji candle which are trend reversal