Cup and Handle Breakout and TargetsHello there. Here is the Cup and Handle breakout of Grasim. Resistance line has been broken and closed above by the price and rejected from 61.8% Fib level based on fib extension tool.
You can see there is a trend line acting as a resistance before formation of Cup and Handle pattern. Fib level are drawn here and one can enter the trade as soon as the price breaks through and closes above 61.8% level and target will be of 100% level and above or the previous trend line acting as resistance.
Note: This is for educational purpose only. Trade on your own conviction or consult your advisor.
