The stock was accumulated more in the handle formation than the cup formation (kind of defies the 'handle formation on low volume' rule). But at the same time, the other interpretation would be, the stock fell in a channel formation with occasional buying on high volumes, and finally gave a decisive volume breakout from the channel. I'm inclined to believe the stock will show much higher upside from here.
Keep SL below the weekly breakout candle.
I reserve the right to be wrong.
Disclaimer: I'm not a SEBI registered analyst. Please consult your financial advisor before investing.
Keep SL below the weekly breakout candle.
I reserve the right to be wrong.
Disclaimer: I'm not a SEBI registered analyst. Please consult your financial advisor before investing.
