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Cup and Handle and Trendline Resistance Breakout
MAHINDRA HOLIDAYS LTD
Long
Cup and Handle and Trendline Resistance Breakout
By Breakout-Ideas
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Updated
Sep 5, 2022
2
Sep 4, 2022
Today I picked MHRIL because, it broken trendline resistance on closing basis. The following factors are considered by me for picking this.
1. Huge Volumes at breakout.
2. Cup and handle Pattern
3. Continous Increasing of Volumes.
For BTST trades Keep profit as 2% - 3%
Keep SL and Target profits mentioned on the chart for short term swing trades.
Please consider these for educational purposes
Sep 5, 2022
Trade closed: target reached
BTST Target got completed
Chart Patterns
Trend Analysis
Breakout-Ideas
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