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Interpret this chart for me

Discuss Interpret this chart for me at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello I have found this cup and handle pattern in Tata Power.The handle is just ...


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Old 5th May 2005, 09:19 PM
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Default Interpret this chart for me

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



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Old 6th May 2005, 08:16 AM
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Default Re: Interpret this chart for me

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!
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File Type: gif tatapower20050506.gif (8.1 KB, 88 views)
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Old 29th April 2011, 10:35 AM
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Default Re: Interpret this chart for me

Quote:
Originally Posted by Traderji View Post
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!
http://chart-patterns.netfirms.com/rectangle.htm


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