The chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that.
Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts.
At present time, we can observe the retest of the both breakouts.
If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more.
If sustains below 5600, the setup goes weak.
One should mind the position size according the risk-management.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts.
At present time, we can observe the retest of the both breakouts.
If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more.
If sustains below 5600, the setup goes weak.
One should mind the position size according the risk-management.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
노트
Entered the buying zone 5950-5800. CMP 5932. Let's see ahead. it is not a buying advice. Only for observation purpose.노트
Bounced back from the good support levels of 5860. Let's see ahead. CMP 5936노트
Crossed 6020. 150 points up today. Stay tuned.노트
At good buying levels around 5700. But it is not a buying advice, just for observation and paper trading.노트
Showing strength today. Crossing 5950.액티브 트레이드
CMP 6074. An awaited breakout above 6050 is seen now. Keep watching.노트
Showing strength noe, above 6600.
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면책사항
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