LUMAXTECH - Classic Cup and Handle BO Pattern
This stock has formed the classic cup and handle pattern indicating a possibility of a breakout.
Stop loss can be maintained at 158, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Stop loss can be maintained at 158, which is the bottom of the handle.
Supporting Technicals:
RSI: 65.6 ( Bullish but not overbought)
MACD is above its center and signal Line, this is a bullish indicator.
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Trade closed: target reached