smcal75
Long

Cup with handle in formation

NSE:KELLTONTEC   KELLTON TECH SOLU
Cup base duration (3-Jan to 8 Apr ) - 17 weeks
Handle duration - as of 26th April (full handle not formed yet) - 3 weeks
criterion - Cup with handle > 7 weeks
Handle size in duration should be less than cup size - to be seen when full handle forms
Handle almost at top of the cup and downward sloping handle. (Meets criterion)
Cup base high 51.5, low 35, mid point 43.2, cup is 32% deep (criterion - should be < 33%)
Handle high 48.8, low 42.35 . mid point 45.6
Handle mid point higher than cup mid point (meets criterion)
Can't see steep high volume declines in handle (meets criterion)

Problems:
Left side of cup has many sharp declines as much as 8-10% a day.
Institutional holding is very low - 3.25%.

Buy point
Highest point of handle is 48.8 (8th April), so buy point is 48.85
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out