NIFTY 50 index is forming a cup and handle top formation on the hourly chart with 17780 as its base. A breakdown below this level can take the price down to 17300 zone. Keep watch.
Order cancelled
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No short entry as price reversed in the bullish direction.
it is cup and handle .. just adding a comment.. the probability of cup and handle is more when handle is small as compared to cup.. in this one handle is quite big .
vipulmehta817
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@swarajhanspal, yep.. true that.. besides in this case, the support line never got breached and the price reversed right at the support.