CUP pattern on SONATA SOFTWARE on Weekly TimeFrame
SONATA SOFTWARE -
- Cup Pattern (1 year 3 months) (WEEKLY time frame)
- Breakout on March 1st, 2023 - Level 768.70
- Approaching retest zone of 768.70 - 753.00
- Entry on reversal Price Action
* Monthly RSI above 60
* Weekly RSI above 60
* Daily RSI approaching 60
Chances of bounce/reversal on daily time frame
Targets - 1. 809.50
2. 822.25
3. 824.35
StopLoss - Entry yet to be activated
- Cup Pattern (1 year 3 months) (WEEKLY time frame)
- Breakout on March 1st, 2023 - Level 768.70
- Approaching retest zone of 768.70 - 753.00
- Entry on reversal Price Action
* Monthly RSI above 60
* Weekly RSI above 60
* Daily RSI approaching 60
Chances of bounce/reversal on daily time frame
Targets - 1. 809.50
2. 822.25
3. 824.35
StopLoss - Entry yet to be activated
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