LT - Cup & Handle

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Cup & Handle :

1) Strong upmove on weekly

2) relatively deeper base, retraced 50% upmove, but strong buying emerging in the second half of cup, this is institutions buying

3) very shallow handle getting formed, not much selling is happening now at these levels

4) 3 weeks tight closes above the prior resistance region, this is a sign of accumulation

5) declining volumes on the last leg of consolidation, again a positive sign

6) RS very near to bo as well, consolidating at 52 week highs

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Chart PatternsCup And HandleSupply and Demand

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