Nifty Bank IndexUpdated BANKNIFTY CUP AND HANDEL
Use the identification guidelines to select cups—Table 9.1.
Select cups in a bull market and avoid those in a bear market
Cups in a bull market have a lower failure rate
Select cups with breakouts near the yearly low
After the breakout, prices take longer to reach the ultimate high in a bull market, giving them a better chance of a larger gain
Pick tall cups
Choose cups with short handles and higher left cup lips
Cups with U-shaped volume perform best
Select cups in a bull market and avoid those in a bear market
Cups in a bull market have a lower failure rate
Select cups with breakouts near the yearly low
After the breakout, prices take longer to reach the ultimate high in a bull market, giving them a better chance of a larger gain
Pick tall cups
Choose cups with short handles and higher left cup lips
Cups with U-shaped volume perform best
Trade closed: target reached
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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.