Cup & Handle pattern breakout and Re-Test Setup
System: Swing trading
1. Stock gives Cup & Handle pattern breakout with volume and now bounces from their re-test level.
2. Stock is traded above their moving averages.
3. TSI and RSI are positive.
Basis: Price action, RSI, TSI and Moving averages.
Entry level: 234-238
SL: 228 closing basis
Target: 255/274/296
Duration: 3-4 months
Disclaimer: I am not SEBI registered. This is my personal view only for educational purposes. I might have this stock in my portfolio. Please do research on your own or consult with your financial advisor before investing and trading.
