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.
註釋
So far so good. Stock is reacting just the way it should.註釋
Consolidation (handle) with drying volumes is good for a forceful breakout.註釋
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 pullback註釋
Good consolidation happening.註釋
Good rally so far. it will continue
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