Cup and Handle and Trendline Resistance Breakout

In BHEL, Today a huge amount of open interest along with Huge Volumes added as long position.

Along with that, Coming to chart patterns, A cup and Handle pattern got completed and broken trendline resistance.

Entry @ 57.45

Stop loss @ 51.6

Target @ 64.2

Consider it for only educational purpose

Trade chiuso: obiettivo raggiunto:

Bhel gave nearly 1.13% profit in 1 day..so if you are very short term trader then you can exit. As Monday markets may have an effect of Jackson hole meeting outcome