This is another very high-quality technical setup because it combines a Cup & Handle breakout with strong momentum confirmation.

1. Beautiful Cup Formation ⭐⭐⭐⭐⭐ The stock has formed a textbook rounded bottom. Characteristics: Smooth decline Long accumulation Gradual recovery No sharp V-shaped reversal This indicates institutions had time to accumulate shares rather than just a short-covering rally. 2. Handle Formation ⭐⭐⭐⭐⭐ After reaching ₹250, instead of correcting deeply, the stock moved sideways in a tight range. That tells us: Sellers are exhausted. Buyers are willing to absorb supply near the highs. The trend remains healthy. This is exactly what you want to see before a breakout. 3. Strong Breakout Above Resistance ⭐⭐⭐⭐⭐ Resistance: ₹248–250 Current Price: ₹280 That's an approximately 12% breakout, which is significant enough to reduce the risk of a false breakout. 4. Momentum Confirmation (MACD) ⭐⭐⭐⭐☆ The MACD supports the price action: Bullish crossover already occurred. Both MACD and signal line are above zero. Histogram has turned positive again after a brief pause. One small observation: the histogram isn't expanding dramatically yet, so I'd like to see continued buying next week to confirm sustained momentum. 5. No Major Overhead Resistance Once the ₹250 zone is convincingly cleared, there isn't much visible resistance until the next swing highs. That creates room for a faster move. Measured Move Approximate cup depth: Rim ≈ ₹250 Bottom ≈ ₹165 Depth ≈ ₹85 Breakout: ₹250 Measured target: ₹250 + ₹85 ≈ ₹335 This aligns well with the arrow you've drawn. Risk–Reward Entry ₹275–285 Stop Loss ₹248–250 (below the breakout zone) Targets ₹305 ₹325 ₹335–345 This offers a favorable reward relative to the defined risk.