Usha Martin: Cup & Handle Breakout Loading!

🧩 1. Cup & Handle Setup

Smooth U-shaped Cup with a tight Darvas Box Handle on top.

Classic bullish continuation structure — breakout confirmation above ₹488.

📈 2. Fibonacci Outlook

0.786 (₹406) → Neckline retest

1.0 (₹449) → Cup breakout

1.272 (₹503) / 1.386 (₹526) → 🎯 Short-term targets

1.618 (₹572) / 1.786 (₹606) → 🎯 Mid-term targets

🧱 3. Darvas Box

Tight consolidation between ₹471–₹488.

Low-volume zone = accumulation before breakout.

Break above ₹488 → continuation toward fib targets.

🔍 4. Key Levels

Support: ₹440 / ₹406

Resistance: ₹488

Targets: 🎯 ₹526 → ₹606 → ₹649

Invalidation: Close below ₹380

⚙️ 5. Psychology

Cup = Accumulation phase

Handle (Darvas Box) = Rest before breakout

Breakout = Momentum expansion with volume.

✅ Quick Summary

Pattern: Cup & Handle + Darvas Box
Trend Bias: Bullish continuation
Breakout Zone: ₹488+
Targets: ₹526 / ₹606 / ₹649
Stop Zone: Below ₹380