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Bhargav_1991
Nov 19, 2023 6:57 PM

A Cup and Handle pattern Breakout. Long

HIMATSINGKA SEIDENSE

Description




In this pattern we can see that there is an breakout, and stock closes above the resistance zone. The main point is that when stock is forming a handle, same curve occur on volume indicator. So this can be a true breakout, and stock may touch to its next resistance. Which could be around 210 and 240. Around 170 it will be a good level to have a stock in portfolio.
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