🚀 Cup & Handle Breakout: GODFREY PHILLIPS Ready for Next Leg Up?

📊 Elliott Wave Structure The stock appears to be in Wave 3 extension, following a textbook Cup & Handle breakout pattern. The consolidation around ₹8,400 has formed a strong base, hinting at Wave 3 acceleration. 🔍 MACD Divergence Confirmation A bullish MACD crossover is visible, confirming momentum build-up after a handle breakout. The histogram is expanding, signaling increasing buying pressure. 📈 AVWAP Support Zone Anchored VWAP from the cup's bottom (around ₹5,000 levels) is trending upwards and is now aligned close to ₹8,400 — providing strong dynamic support. 🏆 Fundamental Strength Snapshot ROCE: 30%+ Debt-to-Equity: Low & manageable Consistent Profit Growth: 15–18% CAGR The company’s strong fundamentals are now aligning with technical triggers. 🧠 Learning Takeaway A Cup & Handle breakout, backed by AVWAP support & MACD confirmation, especially on a fundamentally strong stock, enhances conviction for positional trades. 📌 Save this for study 🔔 Follow for daily analysis examples! #elliottwave #macddivergence #cupandhandle #stockmarketlearning #technicalanalysis #GODFRYPHLP