VAIBHAVGBL - Weekly Chart Analysis, CMP-510.05
Updated
Coming out of base of 19Weeks. Classic Cup with Handle pattern formation.
Entry: Wait for confirmation on pullback (480-490) with SL of weekly close and follow through right below these zone.
Possible levels that can be tested in future are 580 - 605 - 635
(Overhead supply/resistance + 61.8% retracement)
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Entry: Wait for confirmation on pullback (480-490) with SL of weekly close and follow through right below these zone.
Possible levels that can be tested in future are 580 - 605 - 635
(Overhead supply/resistance + 61.8% retracement)
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Trade closed: stop reached
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