PrasantaP

Inverted Head & Shoulder Chart Pattern Breakout

Long
NSE:UNIVCABLES   UNIVERSAL CABLES
* Two chart pattern completing at the same time ( Inverted Head & Shoulder and Symmetrical Triangle ) High conviction set up .If it made above 200-day moving average gives more confident .
* In daily time frame high volume buying initiated today that gives gives a bullishness sign .
** Before the breakout this stock made a symmetrical triangle pattern and breakout with Significant volume .


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