RAILTEL: Cup and Handle breakout

RAILTEL has a perfect, copy book Cup & Handle pattern formation.

The chart looks bullish with the following properties:

• A long term Cup & Hande formation with a good volume breakout.
  
• If it sustains above 120, one can go long with a SL of the neckline of the Cup & Handle pattern (i.e. 117)
  

Long above 120 with a SL of 117.