🔥 Pattern Check: Cup Formation (Weekly TF)

The base is broad and rounded, not a sharp "V" → this makes the pattern more reliable. The right side of the cup has climbed with stronger candles and improving volume → buyers are getting active. Price is now just under the resistance zone: ₹6,750–₹6,850. This is the exact zone where either: ➡️ Breakout → Rally continuation or ➡️ Rejection → Pullback to retest support (common before major breakout) 📌 What Makes This Setup Strong? Signal Status Trend Direction Uptrend intact Pattern Type Bullish continuation Volume Gradually rising on right side Timeframe Weekly (high conviction signal) 🎯 Price Targets After Breakout Measured move from cup depth ≈ ₹1,200–₹1,400 upside. So if breakout sustains above ₹6,850: 📍 Target 1: ₹7,450 📍 Target 2: ₹7,900 📍 Target 3 (extended): ₹8,250–₹8,500 (Depends on momentum & market conditions) 🛡️ Risk / Structure View Support levels to watch: ₹6,200–₹6,300: Minor support ₹5,850–₹5,950: Major trend support → structure fails only if this breaks. 🧠 Trading Behavior Expectation Because this is a weekly pattern: ✔ Breakout may not be sharp immediately ✔ Price may consolidate just under resistance ✔ A break → retest → continuation is very common in such patterns ✔ Volume confirmation will be key