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At the time of Tuesday’s closing bell, the markets rallied heavily, reversing all the losses and gaining the highest on the last trading of the month. 

At 4 pm, Sensex settled at 59,537.07 level, gaining a whopping 1,564.45 points or 2.70 per cent while Nifty 50 closed at 17,759.30, up by 446.40 points or 2.58 per cent.  

This price action took a shape of a cup pattern. It’s a stage 2b cup pattern, which has a length of about 60-day and a depth of nearly 15 per cent.