A Perfect Example of High Probabilty Trade Beautiful Triangle Breakout and Closing above the Falling Resistance Trendline along with good volume during the breakout gives enough conviction as a High Probability Trade.
Beautful Cup n Handle Pattern completed + ATH Resistance Breakout. Target could be 515-540.
IOB Weekly Charts.Is it going to complete the Cup n Handle formation and give breakout. Comment to share your ideas.
Here in this stock Daawat a Cup and Handle Pattern has been formed very beautifully in the Weekly Charts. Along with this a very Long term Resistance level has also been broken with good Volume.Despite heavy sell off in the markets this stock is still not giving up its bullishness. What do you think, let me know in the comments.
This is NIFTY D chart showing the Strong Resistance Zone where in the Past several times Nifty has taken reversal. I have read Somewhere that more testing of a Zone (Support or Resistance any) makes it Weaker.Now it seems that from here Nifty will take a little bearish stance and when all retailers will sell looking at the previous data FII's will buy heavily...
NSE: Asahi India. Here in this stock at Daily and Weekly Timeframes A cup and Handle Pattern has been Formed and despite today's Market crash the stock is still in Green and Bullish.According to the technicals the Target could be around 800- 820 Range. Please let me know in the comments What do hou feel.
Here in the Paytm Weekly charts It seems as if it is forming a cup and Handle Pattern.So I think Accumulation is going to start within upcoming weeks.