CUP & HANDLE Formation or ROUNDING BOTTOM Formation - This stock is having Multibagger Potential - CMP 86.50
Study Analysis done on 25 Jun 2016, but uploading... There was no further change in analysis...
Study Analysis done on 25 Jun 2016, but uploading... There was no further change in analysis...
I don't think its call higher high... Higher high should draw on upside not downside, downside retracement is call as higher low. There is no higher high formation take place.
ReplyDeleteYes. it was typo.. i means to Higher Low....first error repeated due to copy & paste... there was no change in the view.... Higher Low itself is the bullish signal with rounding bottom ....
ReplyDeleteBut Nice catch...Thanks for pointing!!!
Congrats Yogiji for your analysis.Morepen has started moving.target as per the chart you posted?
ReplyDeleteHas the upmove in morepen started or will it go down once more to 17 to 18 levels as given in July 23 post
ReplyDeleteyogiji seems it is the time to look at Tinplate Now.
ReplyDeleteYes, During it was recommended 27 August 2016, that time price was 86.50 and PE was 17.23,,,,,Now price was 96 and PE is nearby 35.......Valuation wise it is too expensive and price is cheap!!! It needs to compensate some where... Either you will price appreciation or Valuation depreciation... hence, suggested to be lightweight in this stock.
ReplyDeleteFinally Price appreciated....within 1 month Price appreciated more than 60%
ReplyDeleteCurrent market price is 146 and PE is 38.35...... Now it was expensive from both Pricewise and PE wise.... Booked your investments and hold the profit...