Greetings, Traders! Today, I present an illustrative example of the Cup and Handle Pattern Breakout in Bajel Products Limited, focusing on key considerations for a comprehensive analysis. Stage - 1 Firstly, Time Frame: Always conduct your chart analysis on a higher time frame. In this instance, we are utilizing the Daily Time Frame for a more strategic...
this is for educational purpose breakout on aily time frame and will be a good long after 640
What is a Cup and Handle pattern? • The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. • This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs. • It is a bullish continuation...
Disclaimer: This idea has been posted strictly for educational purposes only and any investment call shall be taken post proper due diligence and consultation of a certified Financial Advisor