The entry is Rs 30.20, stop loss is at 22.10 and target is Rs 40.10. This is a reversal pattern. Prior to the cup formation the trend was bearish. After about 9 months the complete cup pattern was formed. During the cup formation the volume was low and at breakout the volume was high and formed a bullish trend.
Dhanlaxmi Bank – Cup Pattern – Reversal Pattern from Bearish to Bullish
