CADILA is ready for Long Drive with Weekly CUP& Handle Pattern
1. Weekly explosive 2 candles closing near all time high.
2. Formed CUP & Handle pattern.
3. Handle has taken support at weekly demand zone and 200EMA.
4.High volume ie.. double of 20 day moving average volume
5.Weekly RSI above 60.
6. IF breaks all time high T1, & sustaining above T1 will give long drive to double of Cup height.
7.Fresh entry can be taken only if sustain T1/All time high pirce
8.Target T2,T3 & T4 given based on Fibonacci level and final target based Cup and Handle pattern.
2. Formed CUP & Handle pattern.
3. Handle has taken support at weekly demand zone and 200EMA.
4.High volume ie.. double of 20 day moving average volume
5.Weekly RSI above 60.
6. IF breaks all time high T1, & sustaining above T1 will give long drive to double of Cup height.
7.Fresh entry can be taken only if sustain T1/All time high pirce
8.Target T2,T3 & T4 given based on Fibonacci level and final target based Cup and Handle pattern.
Trade active:
T1 achieved,
T2-580
T3-621
T4-656
T5-693
Final-783