Currency Grow (CA & SEBI Reg IA Omkar Bhutada) ยท 17th Sep
๐ Data Patterns โ Cup & Handle Breakout on Radar!
DATAPATTNS
๐ Technical View
Cup & Handle pattern forming โ bullish continuation setup.
Breakout Zone: โน3,180โโน3,200
Wave Count: Entering possible Wave 3 rally (strongest Elliott Wave).
AVWAP Support: โน2,200 acting as a solid institutional demand level.
Momentum: Volume rising on up-moves, MACD improving = bullish strength.
๐ฆ Fundamental View
Strong order book in defense & aerospace.
High ROCE & profit margins.
Supported by government defense spending + Make in India push.
๐ฏ Trade Levels
Buy above: โน3,200
Targets: โน3,600 / โน4,200
Stop Loss: โน2,600
โก View: A confirmed breakout above โน3,200 can unlock a new leg of rally backed by both technical setup + sectoral growth tailwinds.