This is only for information and not for trading.
Syndicate bank forms inverted cup. Looks bearish.
It is on the long term downward trend. This trend is intact.
, , SYNDIBANK
, , SYNDIBANK
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Hi sir,
We appreciate your efforts in posting your views. The cup pattern formation takes long time. Meanwhile the Cup reversal formation is very rare. Here the rally prior to the formation is already negative. hence this can be seen as general correction not the cup formation.
great and thanks