Cipla made cup n handle pattern on an hourly charts, it did broke out of it but couldnt sustain, preempting to buy here or above breakout level of 990 after confirmation.
Could be bought with mentioned stoploss & targets.
Possibly the Luna price is forming inverse Cup And handle Pattern.
Take a look at 4H timeframe.
Potentially it can give us a price near 55 after testing the 77 level from the bottom.
Also Stoh Rsi shows a local downtrend at dayli timeframe.
Based on the chart, the price has stuck in the range zone and has shaped the cup and handle pattern ✔️📖
we will see more range before more gain 🕶️
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
* Excellent earnings record
* Very strong up trend in the long term
* Breaking out of a ~4 month base
* Formed a larger cup with high handle on the monthly time frame
* Broke out with higher than average volume before earnings
* Sector: Consumer Defensive - Household & Personal Products
* Relative Strength vs. Sector: 1.3
* Relative Strength...
The price created a double bottom on the weekly structure on the 0.20$.
As you can see from the upper chart, the price had a breakout from the dynamic daily resistance and now the market it's testing the 0.382 Fibonacci resistance after the green candles series.
on the 4h timeframe the price created a cup and handle pattern and the market had the breakout from...