cup & handle pattern breakout
Seeing potential upside for buyers
#LINCPEN 189.85 | Accumulate with long term perspective upto 170 levels for at least 2x/3x+ gains Valuation/Growth : Decent Favorable Portfolio allocation : Upto 5% of Overall Capital
Query : How to over come losses and become a profitable trader? Answer can be written as a book. So I am posting it in parts. Trading is a journey like life. You have to learn from each and everything happening to you and grow. Like life trading do not have any manual to give instructions about how to handle it. That is why people got struck in trading. Let us say...
Greeting Traders Bearish Head and shoulder pattern as a reversal signal in an uptrend.
disclaimer - for education purpose based on personal view
The volatility index tends to rise usually contra to Nifty. Currently at 21 has caused large red candles in hourly time frame today, further upside could be more lethal. A daily close above 22.50 will move it towards 24 and above that towards 30. A rising VIX suggests intra day moves get vertical with gap openings. Getting caught on the wrong side can cause...
Usually type of pattern formed in all scripts in 5 mins time frame. Rule: 1 - First candle should be bullish candle. Rule: 2 - next 3 to 4 candles should be bearish or doji or bullish ( not closing above previous candle) Rule: 3 - 3rd or Fourth candle should not close below 1st candle. if so the next candle will be bullish candle. Entry point will be 1 candle...
pls refer chart
buy when candle closes above 2084 target and stoploss as mentioned
cup & handle pattern breakout TARGET 1900
disclaimer - personal view
It is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
disclaimer - only personal view
Read the chart for more details…very simple but clear
See the below linked idea so that you can understand how beautifully these levels play a huge role in the market