CADILAHC Cup and Handle Formation

Cadila HelathCare has formed cup and handle pattern. In addition to this, it has formed Bullish engulfing pattern on Weekly chart. If It closes above 380-385 levels, we can consider Long in this. The target can be depth of the cup, which will be around 435.

This is as per my analysis.

Happy Trading.

Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.


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