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CADILA BULLISH: CUP AND HANDLE PATTERN
Cadila looks strong for long side.
Has formed Cup & Handle Pattern on Weekly chart and also has given handle breakout. Handle is also in the top half of Cup pattern.
Has also broken the horizontal resistance zone of 510-520.
Volume in the downtrend handle is low & current Volume is high.
For Positional Short term, Tgt = 560.
For Positional Long Term, Tgt = 700. (Handle Breakout: 450 & Bottom of Cup: 205, so depth = 245, tgt = 450 + 245 = 695 ~700)
Maintain SL = 400 (Bottom of the handle)
Note: This is just for educational purpose. Trade at your own risk.
Has formed Cup & Handle Pattern on Weekly chart and also has given handle breakout. Handle is also in the top half of Cup pattern.
Has also broken the horizontal resistance zone of 510-520.
Volume in the downtrend handle is low & current Volume is high.
For Positional Short term, Tgt = 560.
For Positional Long Term, Tgt = 700. (Handle Breakout: 450 & Bottom of Cup: 205, so depth = 245, tgt = 450 + 245 = 695 ~700)
Maintain SL = 400 (Bottom of the handle)
Note: This is just for educational purpose. Trade at your own risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.