BPCL | Cup and Handle | Breakout |Daily

### 🏺 **Pattern Overview:**

✅ **Cup and Handle Formation:**

* **Cup period:** November 2024 – June 2025.
* **Handle period:** Short, forming in May 2025 – breakout seen recently.

✅ **Breakout Confirmation:**

* **Breakout point:** ₹325.50 (previous resistance).
* **Current breakout price:** ₹333.85 with strong momentum.

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### 🎯 **Target Levels:**

* **Measured move target:** ₹415.80 (as marked).
* **Near-term resistance:** ₹376 (prior swing high).
* **Support:** ₹325– (previous breakout level).

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### 📊 **Volume & RSI Insights:**

* **Volume:** Surge on breakout day – confirms buyer interest.
* **RSI:** Clear bullish breakout above a downward-sloping trendline (marked in yellow arrow).


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### 💡 **Takeaway:**

BPCL has **confirmed a cup and handle breakout** above ₹325. If it sustains above this level, a move towards ₹376–₹415+ is probable in the coming weeks.