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CA Omkar Bhutada - SEBI Reg IA

27th Oct · SEBI-Registered Analyst

✅ Pattern Identified: Double Cup & Handle / Multi-Stage Base Formation

CESC
This is not just a single cup & handle — it's two rounded bases back-to-back, also known as: Multi-Stage Accumulation Base or Double Cup & Handle This usually indicates smart money accumulation over a long period. 📈 Price Measurement (Target Calculation) Cup depth: Approx ₹185 - ₹140 = ₹45 Breakout Target: ₹185 + ₹45 = ₹230 If momentum sustains, next leg can stretch to: ₹245–250 zone 🔥 Why This Setup is Strong Base has taken 7+ months to form → Long consolidation = strong move potential Higher lows in right cup → Demand strengthening Volume is picking up near breakout → institutions active Broader power/infra theme is in strong uptrend cycle ⏳ Time Horizon This is a positional swing setup ⏳ Expected duration: 3–10 weeks depending on market conditions. 🧭 Summary (Straightforward) Long above: ₹185 Stop: ₹171 Targets: ₹205 → ₹230 → ₹250 This is a high-probability breakout setup.

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