ObliviousChart

How to make a winning trade through Cup and Handle !!!

Edukasi
NSE:NAUKRI   INFO EDGE
  • 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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