Cup and handle formation. entry only after breakout of resistance line. Volumes picking up day by day. Once done, trade can be targeted for 1.618 fib levels ie; 5148 INR SL could be placed below 50EMA
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Could not breach the resistance line of Cup & Handle. But, watch-out for support at trendline (drawing at bottom of cup and handle formation marked), and then the trend could resume if broader market supports.
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21Jun21: Broke the resistance line of 4457 INR (with volumes on daily basis). Let's see if this move sustains on weekly closing basis.
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21June21: quick note - the structure of chart has changed from "cup and handle" to breakout of "ascending triangle".