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anaida_sultana
Jul 14, 2021 2:48 PM

LT Daily Time Frame Cup and Handle Pattern  Long

LARSEN & TOUBRONSE

Description

With steady volumes, there was a breakout over the prior high today.
A break of the 1573.65 near-term resistance level could lead to a target of 1850 levels.

Small amounts can be added in three stages:

1. Anticipating an breakout(now)
2. During the actual breakout
3.Retest

For educational purposes only.
Kindly follow your due diligence prior to taking positions.
Comments
Stockoholic_PearlCity
long term?
anaida_sultana
@Stockoholic_PearlCity, Positional perspective

Need to break above 1573.65
Stockoholic_PearlCity
@anaida_sultana, I'm holding at 1513.55. Wise to exit if it struggles to break above 1573.65?
anaida_sultana
@Stockoholic_PearlCity, No, don't exit before your pre-planned SL.

I think it will breach the mentioned resistance level looking at the volume profile.
Stockoholic_PearlCity
@anaida_sultana, Ok thanks, Will hold and look for the levels
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