Notorious_Trader

C&H Pattern Spotted In RECLTD Hourly Timeframe.

Long
NSE:RECLTD   REC LTD
Cup And Handle Pattern spotted in RECLTD in Hourly Time Frame.

Why i am bullish on this ?

1). Nifty falls 270+ in intraday and covers 200 Points in same Day, At the Same point of time REC Falls 2.4% and then it covered all the way up and close 1% Above the opening price .

2). Price Consolidating in range after it broke cup and handle pattern and making higher high in Lower Time Frame.

3). Positional Trade: You can see confluence of Box Range and Trendline at 153 to 155 region, Once it break that level then Hold Tight till 165 to 170 in coming Days.

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