Cup and Handle and Trendline Resistance Breakout

In L&T Finance Holding, Huge amount of Open interest, Volume added and Price gone up by more than 5%.

Along with that there are several chart patterns I observed to take it as long position.

1. Cup and Handle Pattern Breakout

2. Trendline Breakout


Entry @ 79.00 - 80.3

SL @ 72.4

Target @ 90

Dagangan ditutup: sasaran tercapai:

L&T Finance holdings gave nearly 1.3% profit in 1 day..so if you are very short term trader then you can exit. As Monday markets may have an effect of Jackson hole meeting outcome