DLINK INDIA Cup and Handle Formation
Dlink broken out of flag structure and looks promising.
Volume is on the rise and pattern is taking shape of CUP.
Cup is usually followed by handle which moves 0.382 Fibonacci levels.
Handle may or may not form depends on how much strength stock shows when going near Cup high.
Stock targets are usually calculated on CUP height which come around 450 from current all time high 251.
Can ride with 137 stop loss with entry near 160.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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Volume is on the rise and pattern is taking shape of CUP.
Cup is usually followed by handle which moves 0.382 Fibonacci levels.
Handle may or may not form depends on how much strength stock shows when going near Cup high.
Stock targets are usually calculated on CUP height which come around 450 from current all time high 251.
Can ride with 137 stop loss with entry near 160.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE or Comment)))))-------
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