A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
Technical traders using this indicator should place a stop buy order...
Heromoto chart the formation of the Cup & Handle Pattern formation this is this is Techanically is Good You Can Watch this chart Carefully.
At Present no Trade but After Brackout you Defentally buy this Stock.
Breakout in HEROMOTOCO, Price is at retest level
TARGET : 3155
LTP : 3012
STOPLOSS : 2940
DISCLAIMER : We are not SEBI registered investment advisors. Consult with your financial advisor before initiating any trade. We are sharing this analysis for educational purposes only. I may or may not hold any position in underlying security.
Cup and handle pattern have been formed and after being retest their is huge probability of golden crossover as 200 period weighted moving average is being passed by 50 period weighted moving average.
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