Niftydirection

Electronics Mart has Cup and Handle pattern by William O'neil

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Niftydirection Uppdaterad   
NSE:EMIL   ELECTRONICS MART IND LTD
Stock has made breakout from cup and handle pattern which didn't retrace more than 0.382 Fibonacci of previous rally. This pattern was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.

Electronics Mart has a potential to 2-3x from here onwards as sales were also good in recent quarter. Entry 227 with small stop at gap near 207/190 as per your risk capacity.

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Disclosure: Holding stock from 187 levels

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