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shridharrathi

FinolexCable Cup and handle formation breakout

Long
FINOLEX CABLES (NSE:FINCABLES)  
shridharrathi Updated   
NSE:FINCABLES   FINOLEX CABLES
Cup And Handle cupandhandlepattern cupandhandlebreakout educationalpost
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cupandhandle cupandhandlepattern cupandhandlebreakout educationalpost


NSE:FINCABLES

As seen on the chart, Finolex Cables have formed a nice U-shaped Cup and the handle is also not very deep.
Also, the volume was low when it was forming the handle and the breakout was with a significantly higher volume for the handle.

There is a high probability that this pattern will be successful.

Disc - invested, for educational purposes only.
Trade closed: target reached:
Nifty has made a bearish move today. Moving into cash for now.

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