India, April 28 -- The cup-and-handle pattern indicates a steady recovery followed by a brief consolidation, signalling that buyers are absorbing supply before a potential bullish breakout. The cup-and-handle pattern features a rounded recovery (the cup) followed by a shallow, downward-sloping consolidation (the handle).

On 27th April 2026, Cohance Lifesciences Ltd broke above the resistance neckline of a cup & handle pattern on the daily chart. A sustained move above Rs 403 could pave the way for further upside, while a drop below this level may weaken the bullish outlook.

In a cup-and-handle pattern, targets are typically set at the next key resistance level or estimated by projecting the depth of the cup upward from the breakout poi...