☕ Cup & Handle – Breakout Watch

Technical Snapshot: Pattern: Rounded cup has formed from Feb to Aug 2025 with resistance at ~₹306–₹310. Handle: Minor pullback in late July–early August before this week’s strong bullish candle (+8.24%). 200-week EMA: ₹187, far below, confirming long-term uptrend support. Volume Confirmation: A decisive breakout above ₹310 with strong volume could trigger a new leg higher. Why It Matters: Cup & Handle is a bullish continuation pattern. Once the neckline (resistance) is broken, price often rallies by at least the depth of the cup. In this case: Depth ≈ ₹310 – ₹200 = ₹110 Breakout Target: ₹310 + ₹110 ≈ ₹420 📌 Learning Note: Wait for a weekly close above ₹310 with volume before confirming the breakout. Without that, price may retest support around ₹280.