FinolexCable Cup and handle formation breakout

NSE:FINCABLES

As seen on the chart, Finolex Cables have formed a nice U-shaped Cup and the handle is also not very deep.
Also, the volume was low when it was forming the handle and the breakout was with a significantly higher volume for the handle.

There is a high probability that this pattern will be successful.

Disc - invested, for educational purposes only.

Trade geschlossen: Ziel wurde erreicht:

Nifty has made a bearish move today. Moving into cash for now.