shridharrathi

Cup with handle BO in $NSE:SBILIFE

Long
NSE:SBILIFE   SBI LIFE INSURANCE
SBILIFE

Pattern details:
  • Sideways trend before forming Cup with handle pattern
  • Cup with ~20% correction and length of cup 26 bars
  • Handle length is 9 weeks and ~6% correction.
  • Volume needed to increase the success probability

PAT for the quarter ended 30 June 2023 at 381 cr, 45% growth Y-o-Y

LEMONTREE 's and TATAPOWER 's patterns are still in progress

Disc - invested, for educational purposes only
Trade closed manually:
Nifty has made a bearish move today. Moving into cash for now.

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