RELIANCE - Cup & Handle Breakout Largo

RELIANCE INDSNSE

Descripción

⋅ 20 de Abr. de 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.

Operación cerrada: objetivo alcanzado

⋅ 22 de Abr. de 2020 3:59

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

Comentarios

nimmu

⋅ 21 de Abr. de 2020 15:55

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

ashwinjain1

⋅ 22 de Abr. de 2020 4:01

@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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