LTIM - Getting Ready
The chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that.
Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts.
At present time, we can observe the retest of the both breakouts.
If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more.
If sustains below 5600, the setup goes weak.
One should mind the position size according the risk-management.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts.
At present time, we can observe the retest of the both breakouts.
If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more.
If sustains below 5600, the setup goes weak.
One should mind the position size according the risk-management.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
Nota
Entered the buying zone 5950-5800. CMP 5932. Let's see ahead. it is not a buying advice. Only for observation purpose.Nota
Bounced back from the good support levels of 5860. Let's see ahead. CMP 5936Nota
Crossed 6020. 150 points up today. Stay tuned.Nota
At good buying levels around 5700. But it is not a buying advice, just for observation and paper trading.Nota
Showing strength today. Crossing 5950.
Penafian
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