Possible Cup & Handle Pattern Breakout in ATUL LTD

2022년 8월 30일

Cup & Handle Formation signs:
1. Volume dry-ups near the lows of the price pattern.
2. Big volume spike on reversal of price pattern.
3. Volume dry-up on the price pull-backs.
4. Improving Relative strength.
5. Tight areas in price pattern under accumulation.
6. Trading above 200 MA

How to trade it?
1. Watch out for Volume percent change on pivot breakout.
2. The day's volume should increase at least 40% to 50% above average.
3. Stoploss below the low of the handle.

Entry - Breakout of Pivot
Stoploss - 8760 (Below low of handle)
Target - 11000 (Depth% of cup)


Would like to thank William J O'Neil for explaining this beautiful pattern.

Thank you
Saurabh Yadav

2022년 9월 12일

노트

Has finally given the cup and handle pattern breakout

2022년 9월 12일

액티브 트레이드