BEL May give breaks out based on CUP&Handle pattern-24% Return
BEL has formed CUP in uptrend, if properly consolidates in the range of 145~155 in order to form handle in next few days and gives a breakout above 155 with good volumes,next target 190 can be achieved.
The price has turned up after double top formation & price correction and RSI taking support at 60.
SL can be taken 140, Risk to Reward 1:2.
Entry to be taken only if above handle formation and breaks out happen.
The price has turned up after double top formation & price correction and RSI taking support at 60.
SL can be taken 140, Risk to Reward 1:2.
Entry to be taken only if above handle formation and breaks out happen.
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