Big breakout of CUP and HANDLE Pattern on charts
Big breakout of CUP and HANDLE Pattern on charts
This is nifty weekly chart
We see positive price action
We see positive Volume action (Higher than last 3 candles)
RSI crossover above 60
We see a CUP and HANDLE pattern
We see a Breakout to the pattern now
All this factor indicating a very good momentum
Price target for this pattern comes to 29000-29400. Possible in next 3-6 months.
This view is valid till the time Nifty is above 25000. - Sector in focus banking - stock on radar ICICIBANK
All this is for information.
This is not a buy/sell recommendation.
Thank you,
Technofunda24
#WatchOutFor#TechnicalViews

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