Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 27th Oct
Bharat Forge — showing a Cup & Handle breakout setup.
BHARATFORG
✅ Pattern Identified: Cup & Handle (Bullish Continuation)
The price formed a rounded bottom from June to September, creating the cup.
A short consolidation near resistance formed a small handle.
Breakout level: ₹1325 – ₹1330 (horizontal red line)
Current price is attempting to break and close above this zone.
🎯 Target Projection
Height of Cup = ~ ₹1325 - ₹1060 = ₹265 approx.
Breakout Target: ₹1325 + ₹265 = ₹1590 – ₹1600 zone
(Shown exactly in your chart as ~20% upside)
🕒 Time Horizon
This is a swing-to-position trade
⏳ Expected Duration: 4–8 weeks
Cup & handle is a gradual pattern—moves are steady but strong.
🔍 Extra Confirmation (Optional)
✅ RSI hold above 60+
✅ Volume spike on breakout day
✅ Retest of ₹1325 turning into support
If retest happens, that will be strongest low-risk entry.