sukrut12345

Breakout of Cup and Handle formation

Long
NSE:MANALIPETC   MANALI PETROCHEMS
There was a breakout of cup and handle formation. Now it's correcting itself, so there a good opportunity to buy at this level or you can buy after a breakout of previous green candle. Since it has broke the Cup and handle formation with good volume there is a good probability that it will give a good return in coming future. Plus the fundamentals are very strong, accelerating quarterly eps, accelerating annual eps, sales are growing, so i recommend to buy at this level.

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