As per my analysis yesterday price action has formed rounding bottom today and in addition with it forming a handle. Yes, a cup and handle formation is in process.Volume is rising on the handle formation. We can enter when the price breaks cup and handle formation. Buy above 339 with the stoploss of 336. Targets are 342, 345 and 347.
Comment:
Sell below 329 with the stoploss of 332. Targets are 326, 323 and 320.
Trade active
Comment:
1st target done.
Comment:
Triangle formation.
