Interpret this chart for me

Discussion in 'Technical Analysis' started by daytrader, May 5, 2005.

  1. daytrader

    daytrader New Member

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    Hello
    I have found this cup and handle pattern in Tata Power.The handle is just getting extended into a parllel channelWill some enlightened member comment on where this pattern is headed to.Thanks
     
  2. Traderji

    Traderji Super Moderator

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    Tata Power is moving in a trading range between 330 and 365. A trend will emerge once there is a breakout of this trading range.

    Go long only on a close above 365.00

    See attached chart!
     

    Attached Files:

  3. sudoku1

    sudoku1 Well-Known Member

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    http://chart-patterns.netfirms.com/rectangle.htm
     
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