The image below depicts a classic cup and handle formation. Place a stop buy order slightly above the upper trend line of the handle.
Order execution should only occur if the price breaks the pattern’s resistance. Traders may experience excess slippage and enter a false breakout using an aggressive entry.
Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces.
There is a risk of missing the trade if the price continues to advance and does not pull back.
The video will load below and must see it for the targets and remember to use our Best Bank nifty option tips and you can start even with Rs 5000 and can make upto 30% intraday profit.
