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Item Details | Price |
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Stock name: CNX Metal
Pattern: Cup and Handle pattern
Time frame: Daily
Observation:
The Metal index has been consolidation for the last 1 year and has formed a Cup and Handle pattern, which is a bullish reversal pattern.
As per technical analysis, once an instrument breaks out of the neckline of such a pattern, it usually travels the distance equal to the height of the Cup.
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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.
News for the day:
1) Lupin’s shares rose nearly 2% today after it announced the launch of Darunavir Tablets, 600 mg and 800 mg, to market a generic equivalent of Prezista Tablets of Janssen Products, LP. Darunavir Tablets, 600 mg and 800 mg (RLD Prezista) had estimated annual sales of $308 million in the US (IQVIA MAT March 2023), Lupin said in an exchange filing: ET
2) Longer-term prospects continue to be very strong: Sivaramakrishnan Ganapathi, Gokaldas Exports
3) Indoco Remedies shares slumped over 4% today after it informed the exchanges that its Sterile Facility (Plant II) located at Goa has received four observations by the USFDA.