Crest Ventures Ltd (CRESTVENT): Cup and Handle Breakout Potentia
The weekly chart for Crest Ventures Ltd shows a potential cup and handle breakout, a bullish reversal pattern.
Key factors supporting this bullish outlook include:
Trading Idea:
Entry: Buy above the breakout level (around 588.45) with a stop loss below the handle formation (around 540.25).
Target: 699.
Stop Loss: 540
Disclaimer: This is for informational purposes only and does not constitute financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
Key factors supporting this bullish outlook include:
- Cup and handle pattern formation.
- Breakout from the handle formation.
- Bullish divergence in the RSI.
- Positive crossover of 50-day and 200-day moving averages.
Trading Idea:
Entry: Buy above the breakout level (around 588.45) with a stop loss below the handle formation (around 540.25).
Target: 699.
Stop Loss: 540
Disclaimer: This is for informational purposes only and does not constitute financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
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