RELIANCE - Cup & Handle Breakout Long

RELIANCE INDSNSE

Description

⋅ 20 avr. 2020 17:26

Reliance Industries (NSE:RELIANCE) seems to be breaking out of a bullish cup & handle pattern. Can be bought on retest of the neckline at 1230 levels for an initial target of 1325.

Trade fermée: cible de profit atteinte

⋅ 22 avr. 2020 03:59

Thanks to Facebook, the target was reached earlier than normal.

Commentaires

nimmu

⋅ 21 avr. 2020 15:55

Cup and handle should form at the top of an uptrend.
Otherwise not valid. Thanks

ashwinjain1

⋅ 22 avr. 2020 04:01

@nimmu, Agree that C&H are usually seen as a pause in uptrends but sometimes, they are also seen as a reversal signal after a sustained downtrend.

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