Hi @hitesh2710 Bhai,
I am learning technical analysis observing the examples that you share in this thread. Wanted your view point on this chart whether I am thinking in the right direction or not.
This is JM financial weekly chart and I think it is forming cup and handle formation. Stock went up to break the 52W high at 115 and is retracing back and making a handle like formation. Volumes are also going down from the high. If and when the pattern is formed and breakout of 52w high happens, the long term target that can come ( = to depth of the cup 58) is 170ish with multiple previous resistances in between.
Am I thinking in the right direction on this one ?
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