understanding cup&handle pattern : types of pattern 1

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cup and handle pattern-
The Cup with Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
cup with handle is a chart pattern that has a well defined horizontal boundaries breakouts from chart pattern with horizontal boundaries are usually strong and reliable.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
edwards and magee in their technical analysis book said that a stock should breakout by 3% margin from the resistance level for a proper breakout.
please note that this is a trading tactic edwards and magee discussed in their book. each trader or investor can implement their own trading tactic to enter size take profit and exit from different chart pattern breakout opportunity , its not any rule.
stocks which completed target as per cup and handle pattern-
1. ceat

2. dcb

3. federal bank

and many more..
will be covering more on probable breakouts and those are moving towards their targets.

Comment: possible trade 1 as per c&h pattern;
readers kindly correct me if u find me wrong anywhere.
apollo tyre has been in a formation of c&h pattern after ceat.
all details shown in charts.
correct me if m wrong though its vertical shape but setup and movement compell me to say its more or less a cup and handle whose target is at 28k+
Is there any screener for Rounding Bottom/Cup formation
KumarAbhilash stockyarnab
@stockyarnab, no sir u have to identify it
abhilash bhai rbl mainy aaj cover kia long bearish put spread 550-52 zone wala.thanks agar aap ne wo rbl chart post nahi kia hota to mera dhyan he nahi jata usko check karney ka
@sandy, thanks sir. keep earning
kitney pyare target kitney pyare chartsmarket ne banaya hoga fursat se tujhey mere yaar.............. paa ji tussi chha gaye ho
Great Share !! Keep it going !
Good analysis.
Very interesting and informative. keep it up...!
Favourable time frame for this pattern?
KumarAbhilash vsravankumar
@vsravankumar, as its a long term pattern , weekly is considered most favorite . i prefer weekly
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