long term trend is downward, on weekly chart forming head & shoulder so be cautious for long position, v short term long may b e possible , but in bigger frame created new lower low of 897 , hence downside may be possible. just a view as bars & pubs again going under shutdown
@Spirit_IN_Trading, TOMORROW , I THINK YOUR ANALYSIS MAY WORK PERTAINING TO CUP & HANDLE
harmonic_resonance
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Normally ,cup and handle is a bullish continuation pattern. it forms at the top of uptrend and marks consolidation phase. When formed at the bottom it may mark the end of downtrend but it's not reliable. Most people make this mistake, i made the same error while analysing tatasteel and airtel.
well wishes.