Power grid is not only fundamentally sound company , technically stock is positioned for big gains. A cup handle pattern in making and good volume on uptick is positive for this stock.

DLF stock including other realty stocks are going through a rought patch and high volatility . This could be good for short term traders but for medium term pickers it creates confusion on weather to hold the stocks are sell off and book the loss or gain.

If we look at value , dlf is way above it's enterprise value and promoters have created bunch of companies to play around with holdings.

Looking at chart of DLF chart here stock and it shows kind of swing this stock is having. This could create some opportunity for long term players

Cups with Handles are similar in appearance to Rounded Bottoms. Like rounded bottoms, the pattern includes an elongated U-shape. However, the pattern also includes a short period of consolidation of 1-2 weeks in duration, which tends to be downtrending. The pattern is similar in appearance to a coffee cup with a right-side handle, and indicates the potential for an uptrend.

Following are important characteristic to look for in a Cup and Handle.

Shape

Tata power is India's largest privately owned power utility company, promoted by Tata Enterprise. Tata power is looking at expanding capacity to 500o MW  as per this report. It's current installed capacity is aorund 2900 MW .

Remember adani power is aiming for 9700 MW capacity on completion of all phases.