Cup & Handle Pattern Breakout Seen in Guar Gum

15 Agu 2023

Hello Guy's, i have brought analysis for Commodity lovers on Guar Gum. Chart is clearly showing a Cup and Handle breakout on daily timeframe and it is supported by rising volume. MACD is sustaining above zero line and has formed a bullish crossover. All these observations are seen in the daily timeframe chart. A long trade can be taken in this Guar Gum for healthy upside. Well i have written everything on chart, but still writing here.

Important levels in Guar Gum:-

Buy between in the range of 13300-13000 levels.
Targets we can see in upside 14078/15166/15836.
Keep stop loss at 12538.

Bullish Crossover in MACD supports the bullish view.

So, Guy's according to Price action and MACD bullish crossover, a rally is expected towards 15000+ levels. So trade accordingly.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

22 Agu 2023

Catatan

best entry got triggered, Now it will fly in blue sky