A perfect cup and Handle formation candidate.
Expect it to touch its previous high of 45.8 followed by a small pull back (Handle).
The rally upwards will then begin.
However there may be some delay if Nifty corrects longer than expected.
So Be Cautious and always trade with a Stop Loss.
Expect it to touch its previous high of 45.8 followed by a small pull back (Handle).
The rally upwards will then begin.
However there may be some delay if Nifty corrects longer than expected.
So Be Cautious and always trade with a Stop Loss.
Note
So far so good. Stock is reacting just the way it should.Note
Consolidation (handle) with drying volumes is good for a forceful breakout.Note
A little bit of error on my part as I didn't add more levels of fib retracement. However, the stock is back on track as expected after the pullbackNote
Good consolidation happening.Note
Good rally so far. it will continue
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.