NIFTY | Cup & Handle formation (Good only for hedged / spread position - it can take 3-5 days)
CMP : 15770
SL : 15670
Target : 16100
Almost 1:3 risk reward setup.
Reference : Bull Call Spread
Buy 15800 CE
Sell 16000 CE
July 8th Expiry or July monthly expiry
Higher low formation with a double bottom formation on RSI. Bullish candle after two narrow range candles. First level of resistance 269 thereafter targets are big. 195 should be protected.
