Cup Formation:
The left side shows a clear decline followed by a rounded bottom and a steady recovery forming a "U" shape — ✅ valid cup structure.
Volume tends to decrease during the cup and increase on the right side — which seems consistent here.
Handle Formation:
The handle is shorter in duration and has a mild retracement, not breaking the uptrend channel — ✅ valid handle structure.
The breakout from the handle appears to be approaching the resistance/supply zone — this is typically where confirmation is needed.
Resistance/Supply Zone:
The horizontal resistance around ₹1,100 is correctly marked. A breakout above this zone with strong volume would confirm the pattern — ✅ correct identification.
🎯 Target Projection
The target has been drawn correctly using the height of the cup added to the breakout level.
Based on the chart, the target near ₹1,400–₹1,450 seems technically justified (around a 30–35% upside).
⚠️ Stop-Loss & Risk Management
The stop-loss zone near ₹950 aligns well with the handle’s lower trendline and the uptrend channel support — ✅ logical and well-placed.
The left side shows a clear decline followed by a rounded bottom and a steady recovery forming a "U" shape — ✅ valid cup structure.
Volume tends to decrease during the cup and increase on the right side — which seems consistent here.
Handle Formation:
The handle is shorter in duration and has a mild retracement, not breaking the uptrend channel — ✅ valid handle structure.
The breakout from the handle appears to be approaching the resistance/supply zone — this is typically where confirmation is needed.
Resistance/Supply Zone:
The horizontal resistance around ₹1,100 is correctly marked. A breakout above this zone with strong volume would confirm the pattern — ✅ correct identification.
🎯 Target Projection
The target has been drawn correctly using the height of the cup added to the breakout level.
Based on the chart, the target near ₹1,400–₹1,450 seems technically justified (around a 30–35% upside).
⚠️ Stop-Loss & Risk Management
The stop-loss zone near ₹950 aligns well with the handle’s lower trendline and the uptrend channel support — ✅ logical and well-placed.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.