TradingView
Vaibhav_Kothawale
Oct 29, 2021 4:37 PM

HDFC Cup and Handle Pattern Long

Description

HDFC was consolidating has fomed a cup and handle pattern.
Trade with caution, Manage your risk and use appropriate position sizing.
Comments
MarimuthuSuppaya
Longer the cup , stronger the trend. Medium swing trade bet.
Vaibhav_Kothawale
@MarimuthuSuppaya, Yes Still it can give 20% looking at the depth of the cup.
AD2012
The pattern looks picture perfect...However missing the breakout with volumes after the handle to initiate a long position...Views please
Vaibhav_Kothawale
@AD2012, For me the volumes of the candles formed on 21st and 22nd October were quiet decent to enter. If you are a conservative trader you can wait for some more confirmations.
More