DABUR cup & handle pattern breakout

1 июл. 2021 г.

We can clearly see cup and handle pattern formed in DABUR. also it breakout today. & looking bullish for positional target.
CMP : 589.75

Positive points:

• Breakout:
  Cup & handle pattern is well known for a positive side breakout.
  Today it Breakout & closed above the resistance line.
  
  
• Volume:
  Breakout volume is greater than the moving average of volume of 20 days. Actually its almost twice.
  
  
• MACD:
  MACD crossover above zero line & histogram is also showing some strength.
  
• RSI:
  RSI is above 60 showing bullish signal
  

Target : Around 648
In technical term, the cup & handle pattern can give the target equal to the height of the Cup. I have marked a vertical segment showing the height of the cup. and same we can get the target after breakout.

Duration:
Short to mid term

Disclaimer: I am not sebi registered. This is for educational purpose only. Do your own analysis before taking any position. I am not responsible for any profit or loss.

26 сент. 2021 г.

Сделка закрыта: достигнута тейк-профит цена