Bajaj Hindusthan Sugar - Cup and Handle (Weekly Chart)
A cup and handle pattern on a stock chart is an pattern which resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift or consolidation.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Target Measurement - The depth (which is the bottom price of the cup till neckline) is measured and placed on the neckline to get the final target
Technical traders using this indicator should place a stop buy at the bottom of the handle on closing basis
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
Target Measurement - The depth (which is the bottom price of the cup till neckline) is measured and placed on the neckline to get the final target
Technical traders using this indicator should place a stop buy at the bottom of the handle on closing basis
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