Usha martin cup and handle breakout happened briefly and then stock price came down, so effectively this short term pattern has not played out. Longer term no change in views, as it remains a fundamental pick of mine. I would keep watch on range at bottom of cup around 125-127, and the 30 WMA which is around 126.
Overall it has been a laggard in a strong market. But sometimes in long term holdings these are the kinds of situations we have to learn to bear.
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