Aarthi Industries: Cup and Handle Formation, Good Volume Show

Aarthi Industries: Cup and Handle Formation, Good Volume Show
Co-incidentally, the depth of the cup and the All time high from is current level is to be same.
So expecting good a move.
So expecting it to reach its all time high which is also the depth of the Cup

Order avbruten:

Cup and Handle Strategy:

If the handle reach less than "Half of the Cup's depth, then we can consider the Strategy is not in favour to us.
Let we analyze it:
Depth of the Cup : 250
Half of the Cup's Depth : 125
Peak of Cup : 918
Difference : 918 -125 = 793
Current Maket Price : 781
So, CMP < Difference = 781 < 793 which shows the strategy has failed.