COAL INDIA CUP & HANDLE PATTERN ON Weekly Chart

cup and handle pattern is forming on coal india weekly time frame above the neckline of the cup there will be a bullish momentum but just above of the neckline there is a tussel area between bulls and bears where price has struggled in the past and fall back from there hence one should enter if the price sustain above the tussel zone after breaking that area and one more important thing to remember around 230 price level there is a previous support area which will now react like a resistance one should for safer side let the price to come for that level and then retrace and sustain above the tussel zone where the entry point is mentioned otherwise that could be a trap move
Entry Point and Stop is mentioned on the chart

Commentaire:

handle range of buy 180-186

Commentaire:

180 to 217 made high this week