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CA Omkar Bhutada - SEBI Reg IA

27th Oct · SEBI-Registered Analyst

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.

#StockInNews#Today’sTradingSetup#WatchOutFor#TechnicalViews#FundamentalViews
BHARATFORG_2025-10-27_08-33-15.png
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