Technical Analysis:
Upward breakout from cup and handle pattern with strong volumes.
Fib retracement shows proximity to the golden ratio of 61.8%.
Trading Strategy:
Consider a buying opportunity below the 61.8% level.
Anticipate a potential strong movement upon breaking this level.
Disclaimer:
This is not financial advice.
Conduct your own research before making...
If need any further clarification on the chart, please don't hesitate to comment.
Basis Monthly Chart Analysis:
Best entry Levels (100-105)
Immediate Target (115-120)
On 2022-07-20 : NR7 - Breakout
On 2022-07-25 : Close Crossed Weekly Pivot Upside
On 2022-07-26 : Crossing 4 week High & forming Doji Star
Currently In Squeeze from past 3 days
On Daily, Weekly, Monthly time frames - above 20 SMA
Monthly trend and Weekly trends are changed to +ve
High on momentum.
Add to watch list- incase if breaks 234.25 and sustains -...
Asian Hotels East seems strong weekly closing above the crucial resistance indicates
rally may continue further
concentrate if price sustain above 270 in daily
Classic breakout nothing to explain here. Please do not copy my trades, for I am not responsible for the losses incurred. This is strictly educational material.
Levels & target with CUPANDHANDLE pattern are mentioned on the chart
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
