datepuru

Inverted Bearish Cup and Handle

Short
NSE:COLPAL   COLGATE-PALM (IND)
It has formed an inverted bearish Cup and Handle . Of course, handle is still in the making. This chart pattern tends to trigger a bearish price movement. A limited fall in price up to 1450 is expected. This is based on depth of a cup. If you plot daily trading volume from 10th Jan to 22nd Jan then it supports or confirm the chart pattern.

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