- THE CUP AND HANDLE PATTERN IS BECOMING WEAKER.
- THE HANDLE SHOULD NOT COME DOWN SO FAR.
- Nifty hour is forming a beautiful cup and handle pattern.
- The handle is yet to give a break out on the upside
- One can expect a 100 point move if everything goes according to the rules of cup and handle pattern.
- And one more thing is that we have a raising wedge in daily char which is a bearish pattern. So one should consider the bigger picture before taking a trade based on the above chart.
- NIFTY DAILY CHART ANALYSIS