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Unknown_trader234
May 18, 2020 5:18 PM

IndiaMart - Break out of Cup and Handle pattern 

INDIAMART INTERMESH LIMITEDBSE

Description

Profit booking can be seen after results were announced, it can retest its 52w high if it sustains above the market levels

Comment

Buy only if it closes above 2390 levels, wait till close or if you enter at 2390 and if it fails to close above that level, then you might cut off ur losses and exit

Trade active

Stop loss at any point is max 10% from the entry levels

Order cancelled

Trading close as the bulls are not able to push the price any further. Exit at cost
Comments
navnaathkale09
Not a valid pattern
Unknown_trader234
@navnaathkale09, Can you explain?, It had a prior up trend, and then started to form Cup pattern and had its VCP pattern (volatility contraction pattern) and break out of 2300 levels qualifies for a break out pattern. No?
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