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CA Omkar Bhutada - SEBI Reg IA

28th Aug · SEBI-Registered Analyst

“Kolte Patil Developers – Cup & Handle Breakout in Realty 🚀🏗️”

KOLTEPATIL
📊 Technical Breakdown 1️⃣ Pattern Formation: A clear Cup & Handle structure spanning almost 1.5 years. Base formed near ₹280 → gradual recovery to neckline ~₹500. 2️⃣ Breakout Zone: Current price: ₹469. Neckline resistance: ₹495–500. A breakout above this with volume = strong confirmation. 3️⃣ Upside Target (Pattern Projection): Height of Cup ≈ ₹250. Target = ₹500 + ₹250 = ₹750 (~50% potential upside). 4️⃣ Support Levels: Immediate: ₹440 (handle low). Strong: ₹360–380 (mid-cup support). 🚀 Learning Takeaway Cup & Handle is a textbook bullish setup — often signals trend continuation. Breakouts work best when supported by volume expansion. Patience in waiting for pattern completion gives high-probability entries.

#WatchOutFor#StockInNews#FundamentalViews#TechnicalViews#Today’sTradingSetup
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