Mrs Bector - Cup & Handle formation
As you can see Mrs Bector has formed Cup & handle pattern in Daily time frame.
Entry : Safe to enter above 460 (only if daily candle close above it )
Stop loss: 449
Targets :
Target 1: 500
Target 2: 500+ with strict trailing stop loss ( i.e Stoploss should be previous day low )
Points to remember
- Always wait for the confirmation, dont jump in runing candle
- Always keep a strict Stop loss
- Once a breakout is done, there is 99% chance it will come back to re-test
Please note : This is for educational purpose only
Entry : Safe to enter above 460 (only if daily candle close above it )
Stop loss: 449
Targets :
Target 1: 500
Target 2: 500+ with strict trailing stop loss ( i.e Stoploss should be previous day low )
Points to remember
- Always wait for the confirmation, dont jump in runing candle
- Always keep a strict Stop loss
- Once a breakout is done, there is 99% chance it will come back to re-test
Please note : This is for educational purpose only
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