Cup and Handle Break Out in Deepak Fertilizer

CHART ->Deepak Fertilizer WEEKLY SETUP

As seen per charts, there are few things to note:

1. In weekly time frame, it has given a huge cup and handle breakout.

2. Last breakout candle has been with good volume.

3. MACD crossover in the breakout candle.

4. Not for technical point of view but we have to take a note that -> FII INCREASED THEIR STAKE BY 10% IN COMPANY DURING Q3.

Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.