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Showing posts with the label Grasim stock analysis

How to read Cup and Handle pattern

  Grasim daily chat CUP WITH HANDLE PATTERN EXPLAIN WITH EXAMPLE: You can see in GRASIM daily chat in above figures. Thare is a pattern formation in the chat called Cup with Handle. Grasim about to break this pattern. What is Cup and Handle Pattern? The "cup with handle" pattern is a technical chart pattern commonly used in stock market analysis. It is often considered a bullish pattern and is used by traders and investors to identify potential buying opportunities. The cup with handle pattern typically occurs during an uptrend and consists of two parts: the cup and the handle. Here's a breakdown of each component: Cup: The cup portion of the pattern resembles a rounded bottom or a "U" shape. It is formed as the stock price experiences a gradual decline followed by a gradual recovery. The left side of the cup represents the downward movement, while the right side represents the upward movement. Handle: The handle is formed after the cup is completed. It represen...