CUP & HANDLE – VIP INDUSTTIES – DAILY
VIP formed a long CUP & HANDLE pattern and breaks the neckline of cup. It has been acknowledge longer the cup base higher the chance of return. Since this is a long term pattern so chances of good return is also can not be denied. Volume is also supporting the pattern.
If we see the cup height it is more than 25 point so here we can expect this stock may go upto 100+ which is also a resistance level. Here is risk is very low compare to chances of reward.
VERY HIGH CHANGES OF GOOD RETURN in this stock
