Cup and Handle Trade on INL & INP

INL has formed a Cup and Handle pattern which is a bullish continuation pattern.

"As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance." (from Stockcharts.com)

I have entered a long position on today's price action as it has broken through the level at the top of the cup.

To establish the target, I have measured the depth of the cup and extrapolated it upwards which goes all the way to the next resistance level.

THE EXACT SAME STRATEGY CAN BE APPLIED OT INP

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