RE:Tankumo Chart Analysis PleaseWhat do you mean by monthly cup? Are you looking at monthly chart?
This is a monthly chart that I can find, the cup formation started last July, and perhaps ended in last March.
April just started so the low volume doesn't mean anything. March volume was twice of February volume with higher closing price in March, indicating money flowed into the stock in March.
Weekly chart also shows a cup formation all the way from last July. The right side of bar seems like a consolidation pattern handle, with up week with high volume and low week with lower volume, a positive indicator.
Daily chart below (2 charts). Also cup formation all the way back to last July. The right side handle seems to be breaking out with huge volume, a positive development. Money flow is still positive, another good sign.
Short term movement all depends on news now, some traders may sell if we have a meltup due to panic buying, such as what happened in CBDT late February. (Last chart below).
I am not a technical guru and my reading can be wrong, please do your own dd as my opinion is often off.
CBDT chart
