Indian Metals

Any views at current valuations?

I bought at 616/- on 27th September 2017.

 

INDIAN METALS
WEEKLY CHART......
CUP & HANDLE PATTERN.....



For better view please click on this image

Disclaimer : I am not a SEBI Registered Technical Analyst , This is only for Learning and Discussion Purpose ....

 

?? Kindly make it understandable,Sir.

 

What the chart telling Sirji?

 

The chart says it may touch 900/- in medium to long term if it crosses 750/- on weekly closing basis.

Not sure what medium and long term is - how many months/years

@RAMA MURTHY SASTRY CHALLA - better you educate us about what the chart says.

Also, any views on the fundamentals aspect

 

@ shakti sir & wild_hipman sir

i tried my level best to explain all my views in chart ..... It is advanced Technical Analysis
CUP & Handle pattern is formed in weekly chart in that company
if it breaks above cup & handle hight it may go to that mentioned level

Great researches in technical analysis says that
This pattern success rate 13 out of 23 in international research report
average raise 34 %
throwback rate 58 %

short and medium term details you can search in INTERNET and get those details sir ... it is available in that

i am sorry to say this sir
i cannot explain further because my language skills and expression skills lapses

 

I have learnt a lot from you. I am also trying to learn these things. Thank you. Today I know more things.