- formation started on 2nd March.
- The latest candle (formed on 9/6/2021) showed a strong breakout from a channel consolidation in the handle part. It also broke and closed above the top end of the cup.
- Could expect a retest/consolidation of the top of the cup before resuming any upward move (since the breakout was not supported by a strong ). Hence, Possible accumulation zone near the present levels.
- Topside target in such a pattern is taken as the depth of the cup. In this case, around 240 points or 20%.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.