Cup & Handle + Elliott Wave Confluence on Weekly Chart!

🔹 1️⃣ Elliott Wave Structure Wave 3 completed near the ₹188–₹190 resistance zone A corrective Wave 4 formed a rounded base, confirming healthy consolidation The current move suggests the start of a potential Wave 5 continuation This tells us the trend is not random — it is structured and progressing in cycles. 🔹 2️⃣ Cup & Handle Breakout Zone A clear Cup & Handle pattern has formed around the same resistance level where Wave 3 topped. Price has now broken above the neckline, retested it, and bounced — a classic confirmation signal. This shows buyers are defending the breakout instead of exiting. 🔹 3️⃣ Volume Confirmation Notice how volume increased during the breakout and reduced during pullbacks — a key behaviour seen when institutions accumulate rather than distribute. 🔹 4️⃣ Trendline Support The rising trendline is acting like a dynamic support, pushing price upward and preventing deeper corrections.