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VijayBabuA
Dec 18, 2020 5:00 PM

BSOFT CUP & Handle Breakout 

BIRLASOFT (INDIA)NSE

Description

BSOFT has formed a cup & handle format, it tried to breakout 208-210, 52W High with good volume, but at the day end it closed just below breakout level, it has gained 10% intraday basis. opening flat on next trading session will give good positional. it is likely go up for 240-250 levels
In the recent consolidation it has re-tested previous 52W high, which is at 173 level
Comments
Jopro1
Wasn't it a failed breakout?Will it fall down back to below 195?I exited at 208 seeing it falling below 210.5.Was my decision right?
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