BHEL shows a cup pattern wherein the volume at the trough is very low. This is due to the relative number of buyers and suppliers not available to trade. Once the neck of the cup is broken, the bulls get more dominant and an uptrend is seen.
BHEL Cup Pattern – Bullish breakout
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Stock Analysis
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Bullish View
Bearish View
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Hi,
The Minimum duration for Cup pattern is 1.5 years
Hi,
Thanks for pointing out. Shall update it.