C&H Pattern Spotted In RECLTD Hourly Timeframe.Cup And Handle Pattern spotted in RECLTD in Hourly Time Frame.
Why i am bullish on this ?
1). Nifty falls 270+ in intraday and covers 200 Points in same Day, At the Same point of time REC Falls 2.4% and then it covered all the way up and close 1% Above the opening price .
2). Price Consolidating in range after it broke cup and handle pattern and making higher high in Lower Time Frame.
3). Positional Trade: You can see confluence of Box Range and Trendline at 153 to 155 region, Once it break that level then Hold Tight till 165 to 170 in coming Days.
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