BioCon - Cup & Handle Pattern

Biocon is showing cup and handle pattern. It did crossed the neck line, however, couldn't sustain. The cup and handle pattern resistance is neckline and to have a successful breakout, there should be a green candle which breaks neckline and thereafter, a subsequent green candle closing above that candle.

In Biocon, that subsequent closing above the breakout candle has not yet happened, and it fell thereafter. Let's wait for the break-out above the price and we can see a good move. Patience and right entry is key.

"Clean Chart, Easy Chart"

Learning and Earning!!!

Cheers!!!