A potential Cup with Handle pattern is in play here.
In this pattern, best time to enter is at the bottom of the handle if identified earlier for high reward to risk ratio trade.
Recent price action shows, price broke out of a symmetrical triangle and now consolidating above it as well as key support level (Green dashed line).
Accumulate at current price level.
Medium term target is around 500 (60% ROI)
Long term technical target is around 850 (170% ROI)
Stop Loss @ 275
Reward to Risk 15:1 approx.
Kindly do your own research before investing.
Peace !!
In this pattern, best time to enter is at the bottom of the handle if identified earlier for high reward to risk ratio trade.
Recent price action shows, price broke out of a symmetrical triangle and now consolidating above it as well as key support level (Green dashed line).
Accumulate at current price level.
Medium term target is around 500 (60% ROI)
Long term technical target is around 850 (170% ROI)
Stop Loss @ 275
Reward to Risk 15:1 approx.
Kindly do your own research before investing.
Peace !!
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.