📌 Positional Swing Trade Idea – GFL LTD | Cup & Handle Pattern + Accumulation Zone
**GFL LTD (NSE\:GFL)** is showing a well-formed **Cup and Handle** pattern on the daily timeframe, with price action consolidating in a narrow range—indicating strength before a potential breakout.
🔍 **Technical Observations:**
* A well-rounded **cup base** has developed, signaling strong accumulation over time.
* A classic **handle** is now forming, showing controlled consolidation.
* The stock is currently **accumulating between ₹72.50–₹72.55**, creating a narrow resistance zone.
* Sustained movement and a breakout above this zone may lead to a **boombastic upside** move, backed by volume confirmation.
📈 **Trade Setup:**
* **Breakout Level to Watch:** ₹72.55+ on volume
* **Accumulation Range:** ₹72.50–₹72.55
* **Support:** Handle base and recent consolidation low
* **Potential Targets:** Based on pattern depth and momentum
The structure looks promising for a **positional swing trade**, especially if the price holds above the accumulation zone with strength.
⚠️ **Disclaimer:** This analysis is for educational purposes only. Please conduct your own due diligence before entering any trade.
**GFL LTD (NSE\:GFL)** is showing a well-formed **Cup and Handle** pattern on the daily timeframe, with price action consolidating in a narrow range—indicating strength before a potential breakout.
🔍 **Technical Observations:**
* A well-rounded **cup base** has developed, signaling strong accumulation over time.
* A classic **handle** is now forming, showing controlled consolidation.
* The stock is currently **accumulating between ₹72.50–₹72.55**, creating a narrow resistance zone.
* Sustained movement and a breakout above this zone may lead to a **boombastic upside** move, backed by volume confirmation.
📈 **Trade Setup:**
* **Breakout Level to Watch:** ₹72.55+ on volume
* **Accumulation Range:** ₹72.50–₹72.55
* **Support:** Handle base and recent consolidation low
* **Potential Targets:** Based on pattern depth and momentum
The structure looks promising for a **positional swing trade**, especially if the price holds above the accumulation zone with strength.
⚠️ **Disclaimer:** This analysis is for educational purposes only. Please conduct your own due diligence before entering any trade.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.