Cup& handle pattern :Bank nifty expected 800 points rally
As per global cue bank nifty may open Gap up but if not then it should follow The Cup and Handle pattern.
Already same happened in 3/5 minutes time frame, achieved its target accordingly, another formation of Cup already happened in 15 Minutes chart pattern.
Handle supposed to form if gap opening does not occur on 5th April'21.
if handle forms and entry can be taken on breakout candle and 800 points target can be taken.
Already same happened in 3/5 minutes time frame, achieved its target accordingly, another formation of Cup already happened in 15 Minutes chart pattern.
Handle supposed to form if gap opening does not occur on 5th April'21.
if handle forms and entry can be taken on breakout candle and 800 points target can be taken.
Comment:
Spike in Covid19 positive spoiled the market sentiment.
Order cancelled