Classic Cup & Handle pattern is forming on the monthly chart of Nifty Mid Cap Index, signaling potential for a strong bullish continuation if key resistance levels are cleared.
🔹 CMP: 58,762
🔹 Pattern: Cup & Handle (Monthly Time Frame)
🔹 Breakout
🔹 Resistance Zones: 59,678 – 60,381 / 60,926 (All-Time High)
🔹 Support: 56,113
🔹 Pattern Target: 72,900 (+24% from CMP)
🔹 Invalidation Level: 55,660 (Monthly Close Below)
Watch for a strong breakout above 60,926. Monthly close above this level could trigger a fresh rally into uncharted territory.
#CNXMIDCAP | #MidCap | #MidCapIndex | #CupAndHandle | #ChartPattern | #PriceAction | #BullishContinuation
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
🔹 CMP: 58,762
🔹 Pattern: Cup & Handle (Monthly Time Frame)
🔹 Breakout
🔹 Resistance Zones: 59,678 – 60,381 / 60,926 (All-Time High)
🔹 Support: 56,113
🔹 Pattern Target: 72,900 (+24% from CMP)
🔹 Invalidation Level: 55,660 (Monthly Close Below)
Watch for a strong breakout above 60,926. Monthly close above this level could trigger a fresh rally into uncharted territory.
#CNXMIDCAP | #MidCap | #MidCapIndex | #CupAndHandle | #ChartPattern | #PriceAction | #BullishContinuation
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.