kanchanpatel

Trading cup and handle pattern:

NSE:RELIANCE   RELIANCE INDS
Here we can see the cup and handle pattern.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
The price is trading in the crucial level of the resistance.
The price here can take resistance and move down, "below 1581 price will slop down towards 1549".
Stop-loss can be consider nearly 10 point from the trade.
Comment: On TCS yesterday we reached our target.
Trade active: I have taken my position 1580 and my stop-loss is 1589 target is 1549 nearby.
Comment:
Comment: TCS target achieved