Breakout on downside at the cup and handle pattern and symmetrical triangle pattern as sell volume increase in last 2 days.
Downward target at 44.75 in the next 50 days time frame from CMP 54.05. Stock is already trading way below all the Daily moving averages. Strong sell can be observed.
Downward target at 44.75 in the next 50 days time frame from CMP 54.05. Stock is already trading way below all the Daily moving averages. Strong sell can be observed.
Note
Read it as inverse Cup and Handle patternTrade closed: target reached
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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.