nifty future cup and handle with MC

toocool

Well-Known Member
#11
@niftyoption

technical analysis is not an exact science , its an art , so there is possibility of this pattern being very valid cup and handle and there is possibility of it being not a cup and handle pattern at all ,as you have mentioned that cup is deep.

however what i surely can say that no matter what..... this pattern will still decide the fate of Indian stock markets because we are in a long term bull market , there is no doubt about that , so whenever this formation will breakout on the upside , the targets will be decided on this pattern for sure , either on basis of a cup and handle pattern target basis, or Fibonacci basis or whatever basis so because its a huge pattern on monthly charts it doesnt matter whether its a valid pattern or not what matters is that long term trend is up and this pattern will make way for the targets in long term

cheers
 

XRAY27

Well-Known Member
#12
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XRAY27

Well-Known Member
#13
Hi
Normally, how much upside or downside movement, as the case may be, a Master Candle can give.
Is it equal to the candle height itself ?
atleast the height of the candle and much more...
 

XRAY27

Well-Known Member
#14
nifty future low for MC is 6072 if holds below it......... then fresh breakout RAB wedge(right angled ascending broading wedge) for downside will happen to a level of 5950
 
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