BIRLA CABLE LTDלונג
Cup and Handel pattern breakout
The stock is in strong up trend forming a series of higher tops and bottoms across all the time frames indicating sustained up trend
• On the weekly chart, the stock has witnessed breakout from “ Cup & Handel Pattern Breakout ” indicating continuation of up trend
• Past couple of weeks rising volumes implies increased participation
• The stock is sustaining above its 20, 50 and 100 as well 200 Day SMA which reconfirms bullish sentiments ahead.
• The daily , weekly and monthly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
• The above analysis indicate upside of 160-180 levels.
• On the weekly chart, the stock has witnessed breakout from “ Cup & Handel Pattern Breakout ” indicating continuation of up trend
• Past couple of weeks rising volumes implies increased participation
• The stock is sustaining above its 20, 50 and 100 as well 200 Day SMA which reconfirms bullish sentiments ahead.
• The daily , weekly and monthly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength.
• The above analysis indicate upside of 160-180 levels.
כתב ויתור
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