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.
Comment:
Read it as inverse Cup and Handle pattern
Trade closed: target reached