Bikaji Foods International Ltd| Cup and handle pattern| Latest stock market news
(3 minutes read)

Stock name: Bikaji Foods International Ltd

Pattern: Cup and handle pattern

Time frame: Daily

Observation:

Stock has been newly listed in the November last year and since then it has delivered a good return to its investors. However, it has formed a cup and handle pattern on daily chart. Today it seems to have broken out. A point of caution is, today it has very low volume compared to yesterday. According to technical analysis, if the breaks out of the resistance line and sustains it then it may show trend continuation on the upside.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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