To all learner of conventional patterns you can see how beautifully conventional pattern works.
After down trend Double bottom formed which is reversal patten and up trend started...in uptrend cup n handle formed which is continuation structure....after little sideways movement Ascending tringle formed which is again continuation pattern..now major resistance...
After uptrend & sideways movement on daily chart ONGC has formed cup n Handle.
Will continue uptrend? Lets check.....as its a continuation pattarn....
Also nearing daily demand zone.....
Laurus Lab. on daily chart showing double bottom then Uptrend followed by cup n handle pattern with sideways tread. After sidewaystrend Ascending tringle formed.
Likely going up as both cup n handle & ascending tringle are continuation patterns.
