Ashok Leyland: Keep eyes. It is formed copy book C&H pattern on weekly time frame. At this juncture, more then a BO some more sideways price & time consolidation will give more solidity for sustainable BO. Overall view here and for Autos is continue to be positive.
Do cup and handles always give a positive breakout?
Just want to know your experiences before going for the actual trade, if you don't mind....
MakarandK
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@VivekGolchha, Answer to your question is: not necessarily such pattern ALWAYS gives a breakout. There are several occasions it fails too. However 1) Presently Auto is outperforming broader market. 2) Patterns works better on higher time frame rather lower.
Just want to know your experiences before going for the actual trade, if you don't mind....