Technical Analysis: M & B Engineering Ltd (NSE: MBEL)

188
🧩 Chart Pattern

The stock has formed a Cup and handle pattern—a bullish continuation structure.

The cup depth is around 23% (from ₹588 to ₹476). T -588

Handle breakout occurred with strong volume, confirming institutional buying.

✅ Pattern Confirmation:
Breakout candle closed above ₹476 zone, validating the pattern.

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