"Union Bank of India" Cup & Handle Pattern

I can see a Cup & Handle Pattern in Union Bank of India in Monthly Time Frame. Price is also coming from Monthly Demand Zone.

Rs 160 is a a Resistance line to break this Pattern.

Once we see a breakout of this level of Rs 160 Upside with a Good Volume (Increased from Previous Months) the Price can double from here to Rs 300 in next 12 months time.

first Target Rs 250/-
Second Target RS 300/-

Lets Hope for the Best!