ADANIGAS - C n H PATTERN

28 มี.ค. 2019

Cup and Handle formation process
1) Prior move before the cup formation is 50%.
2) Right side of the cup has increasing volume.
3) Handle with dried up volume in progress with very tight
price action.
4) Long suggested above 122 ONLY IF VOLUMES ARE
ABOVE THE PREVIOUS 10-12 PERIOD VOLUMES.
5) Stop should be around -8% of 122.

Fundamentals:
75% promoter holding
Roe 22%
D/E 0.4
Institutional holding 21%.
Positive operating cash flows with steady increase.

@scorpiomanojFRM