Usha Martin after hitting its all time high of 165 in April 22 went down during the market meltdown and took support near its 200 dema at around 100. Since then it has rallied recently and broken out of a cup and handle pattern above swing high of 141. Since past couple of days, it has been testing the 141 levels and managing to stay above that level. If pattern plays out successfully, then near term targets can be 180. (disc: invested since long time. bought more recently)
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