India, April 16 -- 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). A breakout above the handle's resistance signals a potential bullish continuation.

On Wednesday, HDB Financial Services Ltd broke above the neckline of a cup & handle pattern on the 4-hour chart. A sustained move above Rs 630 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 esti...