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S&P CNX NIFTY INDEX FUTURES

Cup & Handle Breakout

By nikhilchhabra
Updated
Despite the market performing sluggish and out of sync with other indexes viz Nifty, Bank Nifty & Fin Nifty, this classical Cup & Handle pattern formed which subtly broke out giving an upmove for the trend continuation. Patterns are your best bet when nothing else gives confirmation!
Comment
Noticed that this is not just one but two patterns at the same time which if not necessarily, is double confirmation for the trend. An ascending triangle pattern engulfing a cup & handle pattern.
Chart PatternscupandhandlebreakoutcupandhandlebullishcupandhandlepatternniftypatternsniftypredictionniftytrendniftyviewTrend Analysis
nikhilchhabra

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