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Longer the period stronger the accuracy for Cup pattern.
Price crossed below neck line and this neck line was confirmed as support zone now Hence, Entry was taken above this level at 240, stop loss fixed at Rs.225 and Target is Rs.260. Risk Reward ratio is 1:2
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Nice cup formation. Volume is also low during the low rounding bottom.
Thanks Sir
Hi,
The minimum duration for Cup pattern is 1-1.5 years.