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TheUnlearningOne

Perfect Cup & Handle pattern formation on SBI

STATE BK OF INDIA (NSE:SBIN)  
TheUnlearningOne  
NSE:SBIN   STATE BK OF INDIA
Cup And Handle Trend Lines Trading Plan sbin sbinanalysis cupandhandlepattern cupandhandlebreakout
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cupandhandle trendline tradingplan sbin sbinanalysis cupandhandlepattern cupandhandlebreakout
It's a perfect cup & handle formation as per William O'Neil's definition.

Here I have taken a weekly chart and tried to simplify the formation. The explanations are marked in the chart.

Also, keep in mind the overall trend of the stock, here it should be in upward trend :-)

Ideal buy point is near the handle pivot.

Always keep a strict stop loss of 5-8%.


For educational purpose and learning

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