abhi0304

CIPLA : Cup and Handle formation on hourly chart

Long
NSE:CIPLA   CIPLA LTD
All levels are mentioned on the chart. For educational purposes only.
Trade closed: stop reached: SL reached. Please close the position.

Comments

In the cup and handle , the cup should be accompanied by low volume ... so i dont feel this is a cup and handle pattern .. please let me know if i am mistaken
Reply
abhi0304 DojiCandlestar
@DojiCandlestar, As per me there are different variants of cup and handle. Handle should have lower volumes that's there in this structure.
Reply
abhi0304 DojiCandlestar
@DojiCandlestar, SL hit on this due to market conditions. It tried to break the neck line but failed.
Reply
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