The cup-with-handle pattern is a bullish continuation pattern that was popularized by William O'Neil of IBD. The handle marks a small consolidation near resistance and the breakout confirms the pattern. With the cup measuring around three points from low to high, chartists can project a three point move from the rim breakout, which targets a move to the 29.5 area (26.5 + 3 = 29.5).
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Nifty ended the week slightly lower after trading within a narrow range. With key levels in focus and technical indicators showing mixed signals, markets may remain sideways for a while.... READ MORE
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The stock market may be setting records, but you deserve a breather this weekend. While you’re sipping your iced tea, take just a couple of minutes to explore the brand-new navigation menu on StockCharts.com. It’ll make your next charting session a breeze. What’s different (and better)... READ MORE
Relative Rotation Graphs or RRGs will help investors to keep an eye on relative trends that unfold within a universe. Among other things this will help to visualize sector rotation... READ MORE
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