Sagility Ltd (NSE) weekly chart again beautifully shows a Cup & Handle breakout setup

🧭 Chart Structure Timeframe: Weekly Pattern: Cup formation with neckline breakout attempt Neckline Zone: ₹48.5–₹49 Current Price: ₹49.60 Volume: Expanding on breakout — bullish signal 📊 Technical Analysis The stock has completed a rounded base (Cup) after several months of accumulation. Price is testing the neckline with visible volume spike, indicating renewed buying interest. Once it closes above ₹50 on weekly basis, it will confirm a Cup & Handle breakout with momentum continuation likely. 🎯 Pattern Targets Measured move = Depth of Cup ≈ ₹10–11 Breakout Level: ₹49 Target Zone: ₹58–60 (≈ +22%) Stop-Loss: ₹46 (below handle/neckline support) 🔍 Supporting Technicals Rising volume → accumulation visible during right side formation. Handle depth shallow → low selling pressure, bullish continuation likely. Trading above 20-week EMA → intermediate trend turning positive. ⚠️ Watch For A false breakout possibility if weekly close slips below ₹48.5. Sustained volume is key — follow-through buying next week will confirm the move. ✅ Verdict: Bullish setup emerging. A confirmed weekly close above ₹50 could open a move toward ₹58–60, with healthy risk-reward of roughly 1:3.