CCL PRODUCTS (I) LTD
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CCL Products (India) Ltd Looks Good!

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Script - CCL
Pattern: Symmetrical Continuation Triangle

The recent price movement indicates a breakout from a consolidation phase, signaling a probable continuation of the previous uptrend.

In a Bullish Symmetrical Continuation Triangle, there are two trendlines converging as prices form lower highs and higher lows. During this consolidation, trading volume typically decreases as the price fluctuates within a tightening range, reflecting uncertainty among market participants.
However, prior to the triangle's apex, there's a significant breakout above the upper trendline accompanied by a notable surge in trading volume. This breakout confirms the pattern as a continuation of the uptrend observed before the consolidation phase.

PLEASE NOTE THAT:
  • This chart analysis is only for reference purpose.
  • This is not buying or selling recommendations.
  • I am not SEBI registered.
  • Please consult your financial advisor before taking any trade
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