NRB Bearing - Cup & Handle Pattern

4 351
NRB Bearing after a downfall has made a cup & handle pattern and is looking to move upward. Other factors:

1. Last few quarters growth rate was not good because of fire in a major factory, which now has been rectified, and capacity has reached at same levels.
2. Capacity expansion of 200 crores
3. Promoter has un-pledged all shares, showing strong financial position
4. Cup & Handle with good volumes.

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