How to make a winning trade through Cup and Handle !!!
Infoedge the owner of Zomato has been consolidating for 7 months.
- The stock has formed a cup and handle formation - Cup pattern took 7 months & - Handle pattern took 1 month for the formation - The stock has given a breakout and moved out of the range with good volume. - Additionally, the stock is trading above 50 SMA.
-Globally markets are choppy and the pattern can fail with the market. Thus one should keep a stop loss. -The post is for educational purposes. :) Happy trading.
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