Chart -> Nifty Bank Weekly
Whereas other indices, including the developed world, are struggling to find bottoms and change the downtrend, our Nifty Bank has given an All-Time High Breakout!
A cup and handle breakout at an all-time high has been formed. Let's go with the textbook only, the target will be the depth of the cup and SL will be close below the handle.
CMP: 42,137
Target: 51,500
SL: 38,600 weekly close
Whereas other indices, including the developed world, are struggling to find bottoms and change the downtrend, our Nifty Bank has given an All-Time High Breakout!
A cup and handle breakout at an all-time high has been formed. Let's go with the textbook only, the target will be the depth of the cup and SL will be close below the handle.
CMP: 42,137
Target: 51,500
SL: 38,600 weekly close