Cup And Handle Pattern spotted in RECLTD in Hourly Time Frame.
Why i am bullish on this ?
1). Nifty falls 270+ in intraday and covers 200 Points in same Day, At the Same point of time REC Falls 2.4% and then it covered all the way up and close 1% Above the opening price .
2). Price Consolidating in range after it broke cup and handle pattern and making higher high in Lower Time Frame.
3). Positional Trade: You can see confluence of Box Range and Trendline at 153 to 155 region, Once it break that level then Hold Tight till 165 to 170 in coming Days.
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Why i am bullish on this ?
1). Nifty falls 270+ in intraday and covers 200 Points in same Day, At the Same point of time REC Falls 2.4% and then it covered all the way up and close 1% Above the opening price .
2). Price Consolidating in range after it broke cup and handle pattern and making higher high in Lower Time Frame.
3). Positional Trade: You can see confluence of Box Range and Trendline at 153 to 155 region, Once it break that level then Hold Tight till 165 to 170 in coming Days.
PLEASE LEAVE US A LIKE AND SHARE WITH OTHERS.