Two Cup and Handle breakouts simulataneously. This could be the final win Bulls were looking for. We could be heading towards a bull run now. Although I do expect a minor pullback (profit booking) tomorrow.
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What a turnaround in the last 45 minutes. The game got turned on its head. The resistance at 10845 was respected. Tomorrow will be a critical day. I'm neutral.
Not here to criticize, but it is not cup and handle.
Fathomofprice
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With almost 100% certainty I can say this is not a cup and handle.
shiv0110
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what looks like a hurdle is the negetive divergence on the RSI indicator.
vidursaini
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@shiv0110, I don't see a negative divergence. The RSI is complementing the scrip move.
shiv0110
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@vidursaini, surely sir your view can be right but there is still a range shift in RSI for sure look at what levels RSI is on 15-5-2018, and today's price is higher than that day but still the RSI is lower.