Shivalik Bimetal Controls Ltd. (SBCL) is one of the strongest technically

What I like ✅ 1. Multi-month Cup & Handle Breakout The stock has completed a clean cup formation. It then formed a small handle with declining volatility. Now it is attempting a breakout from the handle. This is one of the highest-probability continuation patterns. ✅ 2. Strong Uptrend The sequence is healthy: Higher Highs Higher Lows Strong momentum candles No signs of distribution ✅ 3. Fibonacci Confluence Your Fibonacci levels are very useful here. Current breakout: Break above 0.786 (₹793.95) Next major target: 1.0 = ₹856 Extension target: 1.618 = ₹1,035 Those levels align nicely with the pattern. ✅ 4. Excellent Risk-Reward Current price ≈ ₹794 Logical stop ≈ ₹740–745 (below the handle) Risk ≈ ₹50 Potential reward Target 1 ₹856 (+62) Target 2 ₹920 (+126) Target 3 ₹1,035 (+241)