🚗 Jamna Auto Industries – Weekly Chart | Classic Cup-and-Handle Breakout

🧠 Structure Breakdown (Why this works) 1️⃣ Long-Term Resistance Cleared Major supply zone: ₹131–133 This level capped price for ~2 years Current candle closed above resistance → ✔️ confirmation This is not a fake breakout; it’s a weekly close breakout. 2️⃣ Perfect Cup Formation Left rim: ~₹132 Bottom: ~₹70–75 Right rim: ~₹132 ✔️ Smooth rounding ✔️ No panic selling ✔️ Volume contraction in the base This is institutional accumulation, not retail chasing. 3️⃣ Handle Formation (Short & Tight) Small consolidation near resistance Higher lows into breakout Indicates sellers exhausted The best cup-and-handle patterns are shallow handles like this. 📈 Targets (Measured Move) Cup depth ≈ ₹60 Level Logic ₹150–155 First pause ₹170–175 Mid expansion ₹190–195 Full pattern target ₹200+ Momentum overshoot Your ₹190–195 target is absolutely valid. 🛑 Risk Management (Very Clean Again) Immediate support: ₹131–133 Positional SL: Weekly close below ₹125 Structural SL: Weekly close below ₹115 (trend break) As long as price holds above ₹131 → trend stays bullish.