Cup pattern spotted in DIVISLAB from dec 2016 to oct 2017, it shows stock accumulation in on after some time the stocks price is going up because considerable buyers entered into the field.
Entry Price : 540.7
Stop Loss : 825.5
Target Price : 1110.3
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Hi sir,
Good try…… Volume is a key indicator for identifying and validating the cup pattern, dropping off as the pattern reaches the bottom and volume should be low during the consolidation period (rounding bottom), then increasing the volume as the new uptrend is established.
ok sir noted. will keep in mind.