🚀 TVS Motor: Cup-and-Handle Breakout in Progress!

TVS Motor is showing a clean Cup & Handle breakout pattern, signalling a potential continuation of trend after a healthy consolidation phase. 🧩 Chart Structure Insight A smooth rounded base (cup) has formed over the last few weeks — indicating accumulation and seller exhaustion. Price has now crossed above the ₹3,650 breakout zone, which previously acted as a ceiling. Handles formed with low-volume retracement, which is a textbook bullish sign. 📌 Key Technical Highlights Indicator Status Structure Cup & Handle breakout Breakout Zone ₹3,650–₹3,670 Measured Move Upside ~₹310 points Projected Target Zone ₹3,950 → ₹4,050 Volume Confirmation Breakout supported with visible volume rise Price trading above major moving averages also supports the ongoing uptrend. 🎯 Why This Breakout Matters Breakouts from a well-formed cup pattern typically reflect: Strong institutional interest Renewed trend continuation Clear shift from consolidation → momentum With the current structure, the market sentiment remains constructive unless price falls back below the breakout zone. 📈 Summary ✔ Cup & Handle pattern confirmed ✔ Breakout with volume ✔ Trend continuation likely ✔ Next milestone area: ₹3,950–₹4,050