M&M
https://www.moneycontrol.com/news/business/stocks/cup-and-handle-pattern-in-mm-suggest-buying-opportunity-4806801.html
Shabbir Kayyumi
The Cup & Handle (C&H) pattern is believed to be one of the most reliable and popular patterns among traders. In technical analysis, a C&H pattern describes a specific chart formation that projects a bearish-to-bullish trend reversal. A C&H reversal pattern forms after a downtrend and its completion marks a trend reversal to an uptrend.
In the standard C&H pattern, we connect the high after Cup with the high created after the handle. A trend line is drawn by connecting these highest points of the two peaks, which is called as “Neckline". This trend line is the most important component of the pattern.
https://www.moneycontrol.com/news/business/stocks/cup-and-handle-pattern-in-mm-suggest-buying-opportunity-4806801.html
Shabbir Kayyumi
The Cup & Handle (C&H) pattern is believed to be one of the most reliable and popular patterns among traders. In technical analysis, a C&H pattern describes a specific chart formation that projects a bearish-to-bullish trend reversal. A C&H reversal pattern forms after a downtrend and its completion marks a trend reversal to an uptrend.
In the standard C&H pattern, we connect the high after Cup with the high created after the handle. A trend line is drawn by connecting these highest points of the two peaks, which is called as “Neckline". This trend line is the most important component of the pattern.
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