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r-ya
Jul 12, 2021 5:52 AM

Federal Bank Cup and Handle Breakout Long

FED BANKNSE

Description

As shown in Chart Fed Bank has given Cup and handle breakout in multiple time frame with very good volume ...

Levels are already mentioned in the chart.. Looks very good above : 92.50 for the target of 120+



Things to remember

1) Always wait for Confirmation, dont just jump in running candle
2) Condition for breakout is ... it should break the range with big green candle with good volume
3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance
4) Always keep trailing Stop loss.


Note : I am still learning .. let me know if i missed anything

Disclaimer : This is purely for education purpose only
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