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CUP pattern – BOSCH Ltd – Bullish
Trade Plan is written in attached chart image
Reasons for qualifying Cup pattern:
- Duration for formation is 4 months
- Low volume during the rounding bottom formation
Note: The correlation coefficient between the NIFTY market to the BOSCH stock is high (0.89) during the mid of the pattern. This condition contradicts with the cup pattern condition. Mr. Murugan sir has to check and confirm this.
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