UNITDSPR - Ready to Breakout for 1600 levels

CMP: 1459.5
TF: Daily

Observation:

Price is trading above the cloud and 200 DEMA




Textbook example of Accumulation seen at the lower levels (1290-1360) and the price is trying to breakout of a Rounding bottom / Cup & Handle pattern

The GAP zone of 1548-1603 could be the potential target for this Dec Series I believe. It confluences with the falling trendline from the TOP.

Expecting GOLDEN CROSS (50 DEMA over 200 DEMA) on this chart soon, which could propel this script higher.



Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.