This chart shows the daily price action of MICEL, highlighting a classic cup and handle formation that developed over several months. The highlighted candle marks a strong breakout above the horizontal resistance near ₹78.59, confirming the pattern and signaling bullish momentum. Multiple moving averages are included for added trend analysis; the breakout volume and rapid price move suggest potential for further upside, making this setup significant for momentum traders.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.