India, Aug. 6 -- A cup and handle pattern is a bullish continuation pattern that forms a rounded "U"-shaped cup followed by a small consolidation or pullback called the handle, indicating potential upside breakout momentum.

EID Parry (India) Ltd Chart: Daily Timeframe

The chart shows a confirmed bullish breakout above the resistance neckline. Supported by a volume surge and points to a potential short-term upward move. EID Parry (India) Ltd moved above the key resistance level of Rs 790 on 4th August 2026 and continued to hold to date, turning the level into a strong support zone. The stock closed at Rs 823.15 on the 5th August on the daily chart, indicating sustained bullish momentum and positive price action.

In a cup and handle patt...