Despite the market performing sluggish and out of sync with other indexes viz Nifty, Bank Nifty & Fin Nifty, this classical Cup & Handle pattern formed which subtly broke out giving an upmove for the trend continuation. Patterns are your best bet when nothing else gives confirmation!
Kommentera:
Noticed that this is not just one but two patterns at the same time which if not necessarily, is double confirmation for the trend. An ascending triangle pattern engulfing a cup & handle pattern.