Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 28th Aug
“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.