Greetings, Traders!
Today, I present an illustrative example of the Cup and Handle Pattern Breakout in Bajel Products Limited, focusing on key considerations for a comprehensive analysis.
Stage - 1
Firstly, Time Frame:
Always conduct your chart analysis on a higher time frame. In this instance, we are utilizing the Daily Time Frame for a more strategic...
What is a Cup and Handle pattern?
• The pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
• This drop, or “handle” is meant to signal a buying opportunity. When this part of the price formation is over, the stock may reverse the course and reach new highs.
• It is a bullish continuation...