This chart of Supreme Petrochem Ltd (NSE) is showing a Cup & Handle breakout setup:

📍 Pattern: A clear cup formation (rounded bottom) is visible, spanning from Sept 2024 – Sept 2025. 📍 Resistance Level: Around ₹910–920, which has been tested multiple times earlier. The price has just broken out above this zone. 📍 Volume Confirmation: Volume has expanded during the breakout – a positive sign. 📍 Moving Averages: The price is trading well above the 200-DMA (~₹630), confirming long-term bullish trend. Target Projection 🎯 Cup Depth: ~₹350 (914 – 560). Breakout Target: ₹914 + ₹350 ≈ ₹1,260 (medium-term target). Key Levels to Watch 🔎 Support: ₹900–910 (former resistance, now support). Stop Loss (Positional): Below ₹850. Resistance Ahead: ₹1,000 psychological mark, then ₹1,260 projected target. 👉 In short: The stock has given a fresh bullish breakout with strong pattern + volume support. If it sustains above ₹910, it has good potential for 20–35% upside in the coming months.