BHEL
Panjang

Multi-Year and Cup Pattern with Weekly Retest and Daily Trendlin

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- **Multi-Year Breakout and Cup Pattern (Weekly):**
- The stock experienced a significant breakout covering multiple years on the weekly chart.
- Additionally, a cup pattern breakout occurred, indicating a potential bullish reversal.

- **Volume Confirmation:**
- Both breakouts were accompanied by substantial trading volumes.
- This suggests strong market participation and validates the significance of the price movements.

- **Retest of Weekly Breakout Levels:**
- The stock revisited the breakout levels on the weekly chart.
- This retest is a crucial step in confirming the strength of the breakout.

- **Short-Term Trendline Break (Daily):**
- On the daily chart, the stock broke a short-term trendline.
- This signals a potential shift in the short-term trajectory, aligning with the broader bullish context.


- **Conclusion:**
- The confluence of a multi-year breakout, cup pattern on the weekly chart, and a daily trendline break, supported by strong volumes, paints a favorable picture for potential bullish opportunities.

Penafian

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