Cup and handle Pattern breakout in DEEPAKNTR

12 thg 9, 2022

The cup and handle pattern is one the most reliable pattern if it shows these signs in its formation:

• Big volume buying on the reversal from lows which shows that institutions are buying.
  
• Volume dry up on pullback shows in handle shows that the supply is being consumed by institutions showing no selling pressure.
  
• 2x or 3x the average volume on pivot breakout.
  
• Big price candle on breakout
  

Entry - 2185
Stoploss - 1930
Target - 2500/2600


I hope this analysis helps you take better decisions on the stock.


Thank you
Saurabh Yadav