BHARTIARTL | Can we call it as Cup & Handle formation?
CMP : 528
SL : 495
Target : 600
I'm going long based on,
1) RSI positive divergence with price consolidation last 11 trading days
2) My visualisation of Cup & Handle ( Although it is not formed yet)
3) Simple 1:3+ risk reward setup
Pair trading in falling channel on 4 hour chart with major resistance area comes around 1.0005 level.
USD/CHF bounce back from 0.9920 level after weak GDP numbers.
Bullish above : 1.0010
Bearish Below : 0.9950