CAMS Cup formation
long term cup formation is completed.
Generally when a cup is formed in longer time frame, it is considered to be an up-trend and is a good opportunity to buy stocks.
Need of a handle is based on investor to investor. Some see valid volume on breakout and keep investing on dips, and some wait for proper formation of handle.
In this chart, volume is rising on resistance level. and can be a good buying opportunity for long term.
Please do like and subscribe if you like the idea.
NOTE: This is just for educational purpose only, please do enter in market at your own risk.
Generally when a cup is formed in longer time frame, it is considered to be an up-trend and is a good opportunity to buy stocks.
Need of a handle is based on investor to investor. Some see valid volume on breakout and keep investing on dips, and some wait for proper formation of handle.
In this chart, volume is rising on resistance level. and can be a good buying opportunity for long term.
Please do like and subscribe if you like the idea.
NOTE: This is just for educational purpose only, please do enter in market at your own risk.
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