- Infoedge the owner of Zomato has been consolidating for 7 months.
- The stock has formed a cup and handle formation
- Cup pattern took 7 months &
- Handle pattern took 1 month for the formation
- The stock has given a breakout and moved out of the range with good volume.
- Additionally, the stock is trading above 50 SMA.
-Globally markets are choppy and the pattern can fail with the market. Thus one should keep a stop loss.
-The post is for educational purposes. :)
Happy trading.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。