in Chart

Cup and Handle (Trading Chart Patterns)

Cup_and_Handle SINTEX_Daily_14-12-2014

Sintex Industries Limited

This price pattern forms what looks like a cup, which is preceded by an upward trend. The handle follows the cup formation and is formed by a generally downward/sideways movement in the security’s price. Once the price movement pushes above the resistance lines formed in the handle, the upward trend can continue. There is a wide ranging time frame for this type of pattern, with the span ranging from several months to more than a year.