Cup and Handle breakout and retest in UBL.
A text book pattern can be seen in UBL after a strong downfall since december 2022 prices started to consolidate near may-june and formed a cup and handle pattern. Breakout done with decent volume and strong candle. As per pattern target can be its all time high i.e. 1800, but let's take a small target of previous swing high which is 1685 with a stoploss below 1600.
Tell me what do you think of this analysis.
Tell me what do you think of this analysis.
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