ASSOCIATED BREWERIES BREAKING OUT FROM CUP AND HANDLE PATTERN
The stock has been forming a cup and handle pattern lately and has given a good breakout on daily timeframe the consoldiation has been going on since october 2021
641 acted as crucial resistance which was breached recently with good volumes and momentum
currently the stock is in post breakout stage and is forming a flag and pole pattern
A solid upmove can be anticipated within coming weeks and the stock can rally till the 924 levvels like the flashing lights
641 acted as crucial resistance which was breached recently with good volumes and momentum
currently the stock is in post breakout stage and is forming a flag and pole pattern
A solid upmove can be anticipated within coming weeks and the stock can rally till the 924 levvels like the flashing lights