BEL Possible Long Opportunity (Waiting for Handle breakout)

Kindly consider this as knowledge sharing and not any kind of recommendation!

Bharat Electronics is forming a Cup & Handle Pattern on a WEEKLY timeframe
Important Observations

1. Price is near the demand zone as well as lower channel line of Handle
2. Volumes on the consolidation of the handle are low
3. A handle is considered valid if retracement is 1/3 to 1/2. We haven't reached that level yet

All in all, keeping my eyes on this Script!