Stove Kraft – Cup & Handle Breakout Analysis

$STOVEKRAFT The chart is showing a well-formed Cup & Handle breakout on the daily timeframe. Key characteristics: Long rounded base after a prolonged correction. Gradual right-side recovery with improving structure. Short handle consolidation near resistance. Strong breakout candle above neckline with momentum expansion. Upside Zones Immediate target: ₹650–680 Swing target: ₹720–740 Extended momentum target: ₹780+ if sector momentum supports. Momentum Assessment This breakout is technically strong because: Breakout candle closed near highs. Expansion happened after long consolidation. Supply near resistance has already been absorbed over multiple months. Structure suggests transition from accumulation → markup phase. Compared to average breakout charts, this one has: Better symmetry Cleaner neckline Stronger follow-through probability Entry Strategy Aggressive Entry Above ₹605 with momentum continuation. Safer Entry Retest zone near ₹590–605 Wait for price to hold above breakout and resume upward.