Breakout in HEROMOTOCO, Price is at retest level
TARGET : 3155
LTP : 3012
STOPLOSS : 2940
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Cup and handle pattern have been formed and after being retest their is huge probability of golden crossover as 200 period weighted moving average is being passed by 50 period weighted moving average.
if any doubt or issue comment here.
for edu purpose only
TF: 15 min
Pattern: Cup and Handle
Height of Cup: 90 points (considering cup base at 2960)
Height of Handle: 30 points (ideally should be between 35-50% of cup height).
Target on breakout: 90 points from CMP (equal to height of cup)
Waiting for breakout from CMP (3050) which is also a long time supply zone.
+ve RSI divergence observed which indicates bias towards...