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Biocon - Weekly Price Movement - Inverted Cup and Handle Chart

NSE:BIOCON   BIOCON LTD
Biocon has formed inverted Cup and Handle price chart. This is also known as bearish Cup and Handle. Biocon price has recently bounced back from 212 to form handle. One may want to consider it as the probable negative breakout. I am exploring the possibility of it happening. Can anyone please suggest?

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