Biocon is showing cup and handle pattern. It did crossed the neck line, however, couldn't sustain. The cup and handle pattern resistance is neckline and to have a successful breakout, there should be a green candle which breaks neckline and thereafter, a subsequent green candle closing above that candle.
In Biocon, that subsequent closing above the breakout candle has not yet happened, and it fell thereafter. Let's wait for the break-out above the price and we can see a good move. Patience and right entry is key.
"Clean Chart, Easy Chart"
Learning and Earning!!!
Cheers!!!
In Biocon, that subsequent closing above the breakout candle has not yet happened, and it fell thereafter. Let's wait for the break-out above the price and we can see a good move. Patience and right entry is key.
"Clean Chart, Easy Chart"
Learning and Earning!!!
Cheers!!!
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。