The weekly chart for Crest Ventures Ltd shows a potential cup and handle breakout, a bullish reversal pattern.
Key factors supporting this bullish outlook include:
Cup and handle pattern formation.
Breakout from the handle formation.
Bullish divergence in the RSI.
Positive crossover of 50-day and 200-day moving averages.
Trading Idea:
Entry: Buy above the breakout level (around 588.45) with a stop loss below the handle formation (around 540.25). Target: 699. Stop Loss: 540 Disclaimer: This is for informational purposes only and does not constitute financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.