CMP 3652 on 26.06.25
The chart itself is self-explanatory. The price has formed a Cup & Handle-like pattern since February 2025. This time, it is reaching the breakout levels.
MACD shows a likely reversal, too.
If it breaks out, it may go bullish to reach the levels of 3850, 4050, and potentially higher, depending on the market conditions.
In case of any correction, support levels are around 3510.
One may plan entry on different levels while considering risk management and position size.
All these illustrations are only for learning and sharing purposes; it is not buy or sell advice. Please do your research before taking any trade.
All the best.
The chart itself is self-explanatory. The price has formed a Cup & Handle-like pattern since February 2025. This time, it is reaching the breakout levels.
MACD shows a likely reversal, too.
If it breaks out, it may go bullish to reach the levels of 3850, 4050, and potentially higher, depending on the market conditions.
In case of any correction, support levels are around 3510.
One may plan entry on different levels while considering risk management and position size.
All these illustrations are only for learning and sharing purposes; it is not buy or sell advice. Please do your research before taking any trade.
All the best.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.