chart pattern recognition ,cup and handle, triangle

hello guys . . today came up some good chart patterns jindal steel is forming cup and handle pattern on daily . . the handle ( pink colour ) looks like triangle has been forming for past 6 months ( classical triangle pattern forms 6 months ) prices are nearing its apex one can see chances for break out happening probably on the upside ( it can breakout on either side up or down. . probablity chances are higher on upside ) .. the chart looks colourful !!!!!!!! if u find this idea correct , wrong useful, stupid . please comment. .will be happy to reply for u. .