Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 27th Oct
✅ 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.