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CA Omkar Bhutada - SEBI Reg IA

17th Sep ยท SEBI-Registered Analyst

๐Ÿš€ Data Patterns โ€“ Cup & Handle Breakout on Radar!

DATAPATTNS
๐Ÿ“Š Technical View Cup & Handle pattern forming โ€“ bullish continuation setup. Breakout Zone: โ‚น3,180โ€“โ‚น3,200 Wave Count: Entering possible Wave 3 rally (strongest Elliott Wave). AVWAP Support: โ‚น2,200 acting as a solid institutional demand level. Momentum: Volume rising on up-moves, MACD improving = bullish strength. ๐Ÿฆ Fundamental View Strong order book in defense & aerospace. High ROCE & profit margins. Supported by government defense spending + Make in India push. ๐ŸŽฏ Trade Levels Buy above: โ‚น3,200 Targets: โ‚น3,600 / โ‚น4,200 Stop Loss: โ‚น2,600 โšก View: A confirmed breakout above โ‚น3,200 can unlock a new leg of rally backed by both technical setup + sectoral growth tailwinds.

#StockInNews#Todayโ€™sTradingSetup#WatchOutFor#FundamentalViews#TechnicalViews
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