cnxpsubank index @2240 clearly making cup& handle pattern. Is the risk reward favorable to preempt the formation before breakout?
Those who are seeking opportunity should give it a try. With entry point 2240 and stop loss at 1900 the reward seems to be 3600 which is 1:3.
Seems to be best bet for next 3 months or so. Weekly positive DMI moving up again and Negative DMI facing down (suggesting bears are not interested) and with ADX at 30(very strong), this is a not to be missed opportunity Monthly Charts also confirming the pattern although ADX still sloping down suggesting the Index may move up with little time & bit of volatility. What`s your take?
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.