Pattern: Cup and Handle nearing breakout.
Structure: Handle formation visible near ₹400–₹410 zone; consolidation on low volume.
Indicators:
RSI at 59, gradually rising.
MACD turning positive with histogram expansion.
Trade Plan:
📈 Buy above: ₹416
🛑 Stoploss: ₹410
🎯 Targets: ₹440 / ₹459
View: Breakout potential high; confirmation needed above ₹416 with strong close.
Structure: Handle formation visible near ₹400–₹410 zone; consolidation on low volume.
Indicators:
RSI at 59, gradually rising.
MACD turning positive with histogram expansion.
Trade Plan:
📈 Buy above: ₹416
🛑 Stoploss: ₹410
🎯 Targets: ₹440 / ₹459
View: Breakout potential high; confirmation needed above ₹416 with strong close.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.