ujjwalsethi007

ujjwalsethi007

The cup and handle pattern is being further confirmed by consolidating triangle forming the handle of the cup. With a very small stop loss, potential to profit is huge.

ujjwalsethi007

The trade is based on day time frame analysis imposed upon 15 min time frame. There is a pennant in 15 min time frame and the target is defined based on the pennant pattern.

ujjwalsethi007

As is clear, cup and handle neck line breakout with volume. Can be bought at cmp for a target as mentioned in chart.

ujjwalsethi007

Self evident from the chart, CIP and handle are formed and after handle, price is moving in symmetric triangle. Once the triangle is broken and sustained, can go long for a target of 2750.

ujjwalsethi007

Head and shoulders forming. Also, the shoulder formed at previous support, which is now acting as resistance, further confirming reversal.

ujjwalsethi007

Once the resistance is broken, the price should soar high

ujjwalsethi007

As clearly visible, Cup has been formed in the daily chat with neck line broken as well. A traveler is ongoing and may retrace upto a level of 660, which is also near the neck line. Recommended to buy at any level between 660 and 700 while looking at a trader off 1050. Reach out to me for further queries. Ujjwal