Handle low is just about at break out level.
This can sometimes mean an explosive move up..HDB is in a long term up trend..
NV and OBV are high
No RWs noted in yearly chart..
Break away gap under price so support can be there..
mid cup is 47.42 Cup low is 29.50. To calculated targets on a C&H pattern you can deduct cup high from cup low to get cup depth. The using fib levels, pick a target above.
All patterns can fail and this is just an observation
Not a recommendation
This can sometimes mean an explosive move up..HDB is in a long term up trend..
NV and OBV are high
No RWs noted in yearly chart..
Break away gap under price so support can be there..
mid cup is 47.42 Cup low is 29.50. To calculated targets on a C&H pattern you can deduct cup high from cup low to get cup depth. The using fib levels, pick a target above.
All patterns can fail and this is just an observation
Not a recommendation