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CA Omkar Bhutada - SEBI Reg IA

17th Sep · SEBI-Registered Analyst

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.

#Today’sTradingSetup#WatchOutFor#StockInNews#FundamentalViews#TechnicalViews
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