📌 Cholamandalam — Textbook Cup & Handle Breakout Zone 🍵📈

🧩 Pattern Identification This is a Cup & Handle formation, one of the strongest continuation patterns. The rim resistance sits around ₹1,670–₹1,710 zone. Price already broke above, retested, and is now holding above it — that’s exactly what you want for confirmation. 🔍 Volume Behavior Notice how: Volume dried during the right side of the cup (healthy) Volume expanded during breakout attempts Retest phase showed low-to-moderate volume pullback, meaning no aggressive sellers. This behaviour supports institutional accumulation. 🧠 Current Price Action Psychology Buyers are defending the breakout zone → Demand strong. Sellers couldn't push price below ₹1,670 during retests → Breakout validated. Now price is forming a mini consolidation handle — last shakeout before the next leg.