Cup and handle Pattern breakout in DEEPAKNTR

The cup and handle pattern is one the most reliable pattern if it shows these signs in its formation:
  • Big volume buying on the reversal from lows which shows that institutions are buying.
  • Volume dry up on pullback shows in handle shows that the supply is being consumed by institutions showing no selling pressure.
  • 2x or 3x the average volume on pivot breakout.
  • Big price candle on breakout

Entry - 2185
Stoploss - 1930
Target - 2500/2600

I hope this analysis helps you take better decisions on the stock.

Thank you
Saurabh Yadav


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.