Nifty 50 trading near lifetime high, the counter has broken the crucial resistance of 9120 levels on the weekly chart, prices closed above 9120 level which given positive signal, on daily chart prices formed a cup and handle.

The Cup and Handle Chart pattern is long-term chart pattern, The cup and handle pattern is formed when prices tend to bottom out, forming a gradual decline and then a smooth rally higher. It is this formation that gets the name of a cup. Upon reaching the previous support level, prices tend to break the support turned resistance only to fall back a small distance, forming a handle. The eventual break out from the handle offers an immediate target to the resistance level and a measured distance from the bottom to the top of the cup formation.

Prices are trading in positive territory, counter has broken resistance of 9120 level, prices closed above 9120 on weekly basis, we may see bull run in nifty from current level, we are expecting rally will continue till 10000 and 10500 level, downside 7900 will act as major support zone, if prices break downside 7900 and closed below 7900 level it will be warning.

Nifty 50 trading near lifetime high, the counter has broken the crucial resistance of 9120 levels on the weekly chart, prices closed above 9120 level which given positive signal, on daily chart prices formed a cup and handle.

The Cup and Handle Chart pattern is long-term chart pattern, The cup and handle pattern is formed when prices tend to bottom out, forming a gradual decline and then a smooth rally higher. It is this formation that gets the name of a cup. Upon reaching the previous support level, prices tend to break the support turned resistance only to fall back a small distance, forming a handle. The eventual break out from the handle offers an immediate target to the resistance level and a measured distance from the bottom to the top of the cup formation.

Prices are trading in positive territory, counter has broken resistance of 9120 level, prices closed above 9120 on weekly basis, we may see bull run in nifty from current level, we are expecting rally will continue till 10000 and 10500 level, downside 7900 will act as major support zone, if prices break downside 7900 and closed below 7900 level it will be warning.

Nifty 50 trading near lifetime high, the counter has broken the crucial resistance of 9120 levels on the weekly chart, prices closed above 9120 level which given positive signal, on daily chart prices formed a cup and handle.

The Cup and Handle Chart pattern is long-term chart pattern, The cup and handle pattern is formed when prices tend to bottom out, forming a gradual decline and then a smooth rally higher. It is this formation that gets the name of a cup. Upon reaching the previous support level, prices tend to break the support turned resistance only to fall back a small distance, forming a handle. The eventual break out from the handle offers an immediate target to the resistance level and a measured distance from the bottom to the top of the cup formation.

Prices are trading in positive territory, counter has broken resistance of 9120 level, prices closed above 9120 on weekly basis, we may see bull run in nifty from current level, we are expecting rally will continue till 10000 and 10500 level, downside 7900 will act as major support zone, if prices break downside 7900 and closed below 7900 level it will be warning.

Nifty 50 trading near lifetime high, the counter has broken the crucial resistance of 9120 levels on the weekly chart, prices closed above 9120 level which given positive signal, on daily chart prices formed a cup and handle.

The Cup and Handle Chart pattern is long-term chart pattern, The cup and handle pattern is formed when prices tend to bottom out, forming a gradual decline and then a smooth rally higher. It is this formation that gets the name of a cup. Upon reaching the previous support level, prices tend to break the support turned resistance only to fall back a small distance, forming a handle. The eventual break out from the handle offers an immediate target to the resistance level and a measured distance from the bottom to the top of the cup formation.

Prices are trading in positive territory, counter has broken resistance of 9120 level, prices closed above 9120 on weekly basis, we may see bull run in nifty from current level, we are expecting rally will continue till 10000 and 10500 level, downside 7900 will act as major support zone, if prices break downside 7900 and closed below 7900 level it will be warning.

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