As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
ITC has been forming a base pattern for more than over 1 week in the daily chart and now scrip is trying to give positive breakout from that pattern, hence, buy ITC for an immediate target for 270 level if this scrip starts to move against then place a stop loss at 240-242 level.
ADANIPORTS looking bullish on daily charts. Breakout of resistance at 420 with huge volume, hence, one can initiate long position with a target of 450-460 level in the short term. place stop loss at 393-394 level.