This chart pattern is shaped like and resembles like a cup and handle that's why its named the same as cup and handle chart pattern.
Shape:
A “U” shaped bottom is preferred over a “V” shaped bottom as it indicates more consolidation. Ideally, the highs on either side of the cup should be equal.
Duration of formation:
The cup can take anywhere from 1 to 6...
If NSE:GRANULES can break through the over head supply zone of 180 to 189 levels.
This potential cup and handle pattern indicates, for a potential all time high levels.
