Identifying breakouts: Analyst explains cup & handle pattern

Identifying breakouts: Analyst explains cup & handle pattern

Analyst Rohit Mehta explains the cup & handle chart pattern, calling it a bullish breakout setup seen on Nifty's weekly chart. The pattern shows recovery, pause, and breakout phases. A valid breakout requires volume surge and RSI confirmation. Mehta warns traders to watch for shallow handles and avoid false breakouts lacking volume.

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