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 !!
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.