Aarthi Industries: Cup and Handle Formation, Good Volume Show
Updated
Aarthi Industries: Cup and Handle Formation, Good Volume Show
Co-incidentally, the depth of the cup and the All time high from is current level is to be same.
So expecting good a move.
So expecting it to reach its all time high which is also the depth of the Cup
Co-incidentally, the depth of the cup and the All time high from is current level is to be same.
So expecting good a move.
So expecting it to reach its all time high which is also the depth of the Cup
Order cancelled
Cup and Handle Strategy:If the handle reach less than "Half of the Cup's depth, then we can consider the Strategy is not in favour to us.
Let we analyze it:
Depth of the Cup : 250
Half of the Cup's Depth : 125
Peak of Cup : 918
Difference : 918 -125 = 793
Current Maket Price : 781
So, CMP < Difference = 781 < 793 which shows the strategy has failed.
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.