In the chart you put up, I can see a cup and handle pattern marked 2. But the pattern marked 1 does not hold characteristics of a cup and handle. Even the structure of cup is not the typical saucer shaped, rather its more a V kind of shaped structure.
What I usually do in any chart pattern I like is to have a brief idea about the fundamentals of the company in question. For that there are lots of resources like annual reports, presentations, concalls, and the relevant thread on VP.
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