The stock of Niraj Cement Structurals Limited has exhibited a classic cup and handle chart pattern on the weekly timeframe. This technical formation is often considered a bullish continuation pattern, indicating potential upward momentum. For Niraj Cement Structurals Limited, the cup formation began several months ago, with the stock price gradually recovering from its lows. Recently, a handle has formed, indicating a brief consolidation phase. Traders are now watching for a breakout above the resistance level, which could signal a continuation of the upward trend.
(Not an Investment Advice. This is only for Educational Purposes)
(Not an Investment Advice. This is only for Educational Purposes)