30 Day assignment – Day 13B Module – Spot Cup Pattern

• The cup pattern formed gradually over a period of 9 months indicating that a long position can be created at break out of the handle.
• The cup shape is clearly visible as can be seen in the image.
• Volume is low at the rounded bottom.
• Long position created when the cup filled up at Rs. 117.
• Stop Loss created at the lowest part of the handle at Rs. 97.
• Target at risk to reward ratio of 1:1 is Rs. 137.