“Grasim Industries – Cup & Handle Breakout on the Horizon”

📊 Technical View 1️⃣ Price Setup: CMP: ₹2,876. A massive cup formation over the past ~1 year, with resistance at ₹2,880–2,900. Stock is now knocking on the resistance door. 2️⃣ Moving Averages: 200-day EMA at ₹2,365 → well below CMP, confirming a strong uptrend. Stock trading significantly above long-term averages. 3️⃣ Volume Action: Noticeable pickup in volume during recent advances, showing institutional interest building up. 4️⃣ Levels to Watch: Breakout Zone: ₹2,900 → if sustained, target zone opens up towards ₹3,100–3,200. Support Zones: ₹2,750 (near-term), ₹2,600 (mid-term), ₹2,365 (long-term). 🚀 Learning Takeaway Cup & Handle is one of the strongest bullish continuation patterns. Breakout above ₹2,900 with strong volume could confirm multi-month momentum. Risk management: Keep an eye on ₹2,750 as invalidation for short-term traders.