Daily chart of hinopak motors. the left side of the cup made a high of 1000, support came at 800 and again tested 1000 recently forming right cup but failed forming a perfect cup. A pull back was witnessed today which is forming the handle which should be the final consolidation before the breakout of 1000.
Breakout of 1000 if achieved with good/substantial volumes will result in the script move towards 1200 which is the distance from the bottom of the cup to the high of right side of the cup.
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