1. It is a pattern which is visible on the bar charts.
2. This pattern can be seen in atime frame spread between seven weeks and can also be seen on a longer time frame which can range from 64-65 weeks.
3. In order to visualise the cup one will be seeing the same in the form of a U. One will be seeing the handle and can visualise the same in form of a slight downward drift. One can further note that the right hand side of the pattern will show low trading volume.
4. One can appreciate the forming of this pattern in Tata Chemicals chart which has exhibited this type of formation and same was posted earlier also and is thus now on the upswing.
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2. This pattern can be seen in atime frame spread between seven weeks and can also be seen on a longer time frame which can range from 64-65 weeks.
3. In order to visualise the cup one will be seeing the same in the form of a U. One will be seeing the handle and can visualise the same in form of a slight downward drift. One can further note that the right hand side of the pattern will show low trading volume.
4. One can appreciate the forming of this pattern in Tata Chemicals chart which has exhibited this type of formation and same was posted earlier also and is thus now on the upswing.
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