Stock name: Kajaria Ceramics
Pattern: Cup and Handle Breakout
Time frame: Daily
The stock has been in a consolidation for about a year now and has very recently broken out of a Cup and Handle pattern and when the price breaks out of such a pattern, the price travels the distance equal to the distance between the neckline and bottom of the Cup. We can also see some volume expansion here.
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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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