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...
it has made a new 52W High and also formed a cup & handle pattern. closing above 2000 on daily basis also gives new rally. look at neck line breakout. it will give rally further.
On daily charts we can see Cup & handle pattern, if it is able close above 567 levels on daily basis. it can rally 10%. if it closes below 527 and opens gap down tomorrow, it can fall upto 500 or 445.
cuphandle broken in UJJIVAN on 15 min chart, it may reach updato 225 in short term.