Hello Hitesh,
I am new member for ValuePickr and was trying to identify the pattern as you mentioned (cup-and-handle). To my novice eyes - another script seemed to form similar pattern. ATULAUTO. I don't mean to hijack this thread but, as you have elaborated the pattern details, could help to ask you if you would consider this to be a good cup-and-handle formation?
It seemed to have all the qualities:
- Long cup - bottomed
- small handle -- during which volume was significantly less
Also -- what is the usual entry/SL/exit criteria for this type of technical bets?
disc: Do not hold any position on ATULAUTO or Deepak Fertilizer. Trying to learn
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