#POWERGRID breaking out of a cup and handle

Long

POWER GRID CORP FUTURES (NSE:POWERGRID1!)

NSE:POWERGRID1! POWER GRID CORP FUTURES

Cup And Handle Volume POWERGRID cupandhandlepattern breakout nse

cupandhandle volumestudies powergrid cupandhandlepattern breakout nse

Powergrid is breaking out of a cup and handle pattern. The C&H is one of the most reliable patterns during an uptrend. The stock has been trading above its 200 DMA for several months now and is in a clear uptrend. The breakout is on above average volumes and is added confirmation. Look for a good rally yesterday's low holds

Michael @ SolomonsView

Twitter - @SolomonsView

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