Cup & Handle Breakout in the Making! 🚀
TATACONSUM
📊 Stock: Tata Consumer Products (NSE)
📍 Current Price: ₹1,125.90 (+3.09%)
We are witnessing a classic Cup & Handle pattern formation on the daily chart:
✅ Cup Formation – Rounded base from Oct’24 to Apr’25.
✅ Handle Formation – Sideways consolidation since May’25.
✅ Key Resistance: ₹1,175–1,180 (breakout zone).
✅ Breakout Target: ₹1,475–1,500 (based on cup depth).
✅ Stop-loss (SL): ₹1,070–1,080 (handle low support).
📌 Trading View:
The stock is currently in the pre-breakout stage. A daily close above ₹1,180 with strong volume could trigger a fresh uptrend. Short-term traders may wait for breakout confirmation, while long-term investors can consider gradual accumulation.
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