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MAHINDCIE - BreakOut Candidate For Tomorrow

Long
Yes2Profits Updated   
NSE:MAHINDCIE   None
Trend Analysis Chart Patterns Technical Indicators MAHINDCIE breakout breakoutsignal
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trendanalysis chartpattern indicator mahindcie breakout breakoutsignal
The chart pattern suggests breakout tomorrow.

Reasons:
- Just close to 52W High
- Cup and Handle Formation
- Volume spike observed
- RSI : 62, indicating bullish trend but still not overbought
- ADX : 37, suggesting a strong trend
Trade closed: target reached:
Target achieved on 19th July
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