🏗️ Grasim Industries – Cup & Handle Breakout on the Horizon

📊 Technical Analysis The chart is forming a Cup & Handle pattern, a strong bullish continuation setup. Price is consolidating just below the ₹2,855 resistance, which is the neckline of the pattern. Sustained breakout above this level with volume can trigger a sharp rally toward ₹3,200–₹3,400. The 200-week moving average at ₹2,370 is acting as a strong long-term support. Volume action shows accumulation during the handle formation, suggesting smart money participation. 💡 Fundamental Strength Grasim has a diversified business model spanning cement (through UltraTech), financial services, paints, and chemicals. Strong cash flows, stable ROCE, and consistent revenue growth back the long-term story. Expansion in the paints segment could add a fresh growth driver, apart from its cement leadership. 📌 Conclusion: Grasim is at a critical breakout point. A weekly close above ₹2,855 with strong volumes could validate the Cup & Handle pattern, unlocking significant upside potential in the coming months.