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Biocon : Inverted Cup and Handle? Can someone please validate?

Short
NSE:BIOCON   BIOCON LTD
Biocon price seems to have formed inverted Cup and Handle on a monthly candlestick chart. This is on the slanted price movement. Handle has reached 50% of depth of cup. Any significant upmove may invalidate inverted Cup and Handle . Need some more insights on Inverted Cup and Handle