Simple Cup with Handle Pattern
OBSERVATIONS :-
1) . As we know Cup with Handle is a Bullish pattern
2) After being in uptrend , stock will some correction near to 50% forming like a cup
3) Then it bounces back to form a cup and then consolidate in range for sometime to form a handle
4) Within the handle it slightly forms a range.
5) You can LONG / BUY the stock if retests , breaks the handle resistance and go back further down.
6) STOPLOSS - This can be set slightly below the Handle low
7) TARGET - This we can set as same as the height of the cup itself. Also follow volume confirmation
1) . As we know Cup with Handle is a Bullish pattern
2) After being in uptrend , stock will some correction near to 50% forming like a cup
3) Then it bounces back to form a cup and then consolidate in range for sometime to form a handle
4) Within the handle it slightly forms a range.
5) You can LONG / BUY the stock if retests , breaks the handle resistance and go back further down.
6) STOPLOSS - This can be set slightly below the Handle low
7) TARGET - This we can set as same as the height of the cup itself. Also follow volume confirmation
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