In the context of a cup and handle pattern, the cup materializes as the value of an asset undergoes an initial ascent, subsequently followed by a gradual descent, culminating in a rounded bottom reminiscent of a "U" shape. Presently, the price action is demonstrating the formation of such a "U" shape, with an anticipated completion near the 403.90 mark. Following this stage, a rejection is expected to occur. Notably, from the current valuation of 338 rupees, a potential gain of 19.50% is discernible before the onset of the anticipated rejection phase, subsequently paving the way for the establishment of the pattern's handle.
Comment:
Breaks neck line now targeting towards 440