Biocon Made Cup And Handle Pattern???

Iam Not Technical Analyst ...but From Traderji Iam Gaining A Iam Attaching Chart Of Biocon...and Its Looks Like It Made Cups And Handle Formation On Weekly Chart..but Iwant To Confirm With Help Of Senior Members Senior Plzz Help Me Out With Stoploss ,support And Target If "cups And Handdle" Exists In This Will Be Great Help..
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plzz see bmp image...i marked cup and handle at another place..because most of the time i have seen that cup is made of round bottom.....:rolleyes:
hi fire,

from my understanding, cup shud be of U shape with the end where handle starts below or equal to the other end i,e from where cup formation begins,

in the pic u marked , second top gone above the previous,

just my views, pls get it checked with seniors

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Re: MTNL is on the verge of making CUP & Handle

MTNL is on the verge of making CUP & Handle Formation... Currently it is at the Handle Formation on daily chart .... I am not able to upload the chart...

Watch out..... if its successful it will reach a target of 135 rs in the coming days..

Happy Trading


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