Breakout with Cup and handle formation in Refex
Refex forming a cup-and-handle formation in weekly chart and hit upper circuit today. As per technical chart, immediate target would be the length of handle(170) and the long target would be the depth of cup (220). Increasing volume supports the breakout as well.
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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.