RAILTEL: Cup and Handle breakout
RAILTEL has a perfect, copy book Cup & Handle pattern formation.The chart looks bullish with the following properties:
- A long term Cup & Hande formation with a good volume breakout.
- If it sustains above 120, one can go long with a SL of the neckline of the Cup & Handle pattern (i.e. 117)
Long above 120 with a SL of 117.
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