[Swing Trade] SBILIFE - B.O1486
Analysis:
Pattern Formation:
The chart shows a Cup and handle pattern in one hr TF. Price has moved about all the MAs in 1HR TF.
Breakout Zone:
The upper blue trendline (~₹1486) represents the resistance zone. A breakout above this level signals bullish momentum, and if there is a spike in volume and some sustainability, it can breakout ..
When to enter
- Breakout of 1486 with spike in volume but as it is 1HR TF, we may need to close our trade as early as possible with some gains.
This is not buy call. Please do your research before you trade.
Pattern Formation:
The chart shows a Cup and handle pattern in one hr TF. Price has moved about all the MAs in 1HR TF.
Breakout Zone:
The upper blue trendline (~₹1486) represents the resistance zone. A breakout above this level signals bullish momentum, and if there is a spike in volume and some sustainability, it can breakout ..
When to enter
- Breakout of 1486 with spike in volume but as it is 1HR TF, we may need to close our trade as early as possible with some gains.
This is not buy call. Please do your research before you trade.
כתב ויתור
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