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CA Omkar Bhutada - SEBI Reg IA

10th Jun 2025 Β· SEBI-Registered Analyst

πŸ“ˆ ABCAPITAL – Multi-Year Cup & Handle Breakout in Making! πŸš€

ABCAPITAL
This isn’t just any breakout – it's 7 years in the making. The setup on Aditya Birla Capital is screaming attention for long-term investors. Let’s decode it: β˜• The Setup: Massive Cup & Handle forming since 2018 Current handle retest done with a V-shape recovery Price hovering right near the all-time breakout zone: β‚Ή245.50 🎯 Breakout Confirmation: β‚Ή246+ A strong weekly close above this level = fresh highs with massive open runway ahead. πŸ’‘ Why it matters: Long consolidation = strong base built Handle shows buying pressure on dips If breakout happens with volume, this could be a multi-month rerating candidate Higher lows + structural turnaround since 2020 πŸ”­ Potential Target Zone: β‚Ή350+ Based on the cup depth and historical resistance extensions. πŸ“Œ Action Point: Add to your watchlist or position trade radar. Wait for a weekly breakout candle above β‚Ή246 with volume = green signal.

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