CHOLAFIN – Cup & Handle Reformation | Setup in ProgressCHOLAFIN is re-forming a higher timeframe Cup & Handle pattern after a failed breakout attempt in July. The broader base now spans from late 2024, showing improved symmetry and structural maturity. This is a classic example of a breakout setup resetting through time.
Pattern Details
Pattern: Cup & Handle (reformed)
Neckline / Breakout Level: ₹1641.15
Current Price: ₹1581.10
Target (if breakout holds): ₹1641 + ₹482 = ₹2123
Upside Potential: ~29%
Volume: Needs breakout-day confirmation (>2x 20-day avg)
RSI: 57.2 – healthy, approaching 60
Setup Bias
Not a buy yet — structure is constructive but needs confirmation
Watch for daily/weekly close above ₹1645 with volume support
Prior failure adds caution, but also strengthens credibility on second attempt
Disclaimer
This post is for educational and informational purposes only . It is not a recommendation to buy, sell, or hold any securities. Technical chart patterns involve inherent risk and are not guarantees of future performance. Traders must use their own discretion, manage risk appropriately, and consult with a SEBI-registered financial advisor if needed.
Hand
LITECOIN: LTCUSD Next entry point close at handLITECOIN LTCUSD
The breakout above the upper parallel of the flag formation
was very disappointing. The failure has forced LTC back down
the same parallel and rinsed out stale bulls along the way.
It's now back to the start point and if it's going to rally now, it
should be from here. Look to enter long again between 288
and 284 with stop below 282 for small loss if wrong from here