📌 Positional Swing Trade Idea – GFL LTD | Cup & Handle Pattern + Accumulation Zone
**GFL LTD (NSE\:GFL)** is showing a well-formed **Cup and Handle** pattern on the daily timeframe, with price action consolidating in a narrow range—indicating strength before a potential breakout.
🔍 **Technical Observations:**
* A well-rounded **cup base** has developed, signaling strong accumulation over time.
* A classic **handle** is now forming, showing controlled consolidation.
* The stock is currently **accumulating between ₹72.50–₹72.55**, creating a narrow resistance zone.
* Sustained movement and a breakout above this zone may lead to a **boombastic upside** move, backed by volume confirmation.
📈 **Trade Setup:**
* **Breakout Level to Watch:** ₹72.55+ on volume
* **Accumulation Range:** ₹72.50–₹72.55
* **Support:** Handle base and recent consolidation low
* **Potential Targets:** Based on pattern depth and momentum
The structure looks promising for a **positional swing trade**, especially if the price holds above the accumulation zone with strength.
⚠️ **Disclaimer:** This analysis is for educational purposes only. Please conduct your own due diligence before entering any trade.
**GFL LTD (NSE\:GFL)** is showing a well-formed **Cup and Handle** pattern on the daily timeframe, with price action consolidating in a narrow range—indicating strength before a potential breakout.
🔍 **Technical Observations:**
* A well-rounded **cup base** has developed, signaling strong accumulation over time.
* A classic **handle** is now forming, showing controlled consolidation.
* The stock is currently **accumulating between ₹72.50–₹72.55**, creating a narrow resistance zone.
* Sustained movement and a breakout above this zone may lead to a **boombastic upside** move, backed by volume confirmation.
📈 **Trade Setup:**
* **Breakout Level to Watch:** ₹72.55+ on volume
* **Accumulation Range:** ₹72.50–₹72.55
* **Support:** Handle base and recent consolidation low
* **Potential Targets:** Based on pattern depth and momentum
The structure looks promising for a **positional swing trade**, especially if the price holds above the accumulation zone with strength.
⚠️ **Disclaimer:** This analysis is for educational purposes only. Please conduct your own due diligence before entering any trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.