Usha Martin (USHAMART) – Cup & Handle Pattern ☕

🔹 Technical Pattern Price formed a long base of ~12 months creating a cup formation. Resistance line around ₹439–440. Currently price is just below the breakout level. Once it closes above ₹440 with volume, the cup & handle breakout confirms. 🔹 Target Projection Cup depth = 440 – 295 ≈ ₹145. Breakout target = 440 + 145 = ₹585. Extended target zone: ₹600 – ₹620. 🔹 Support Levels Immediate support: ₹400 (short-term). Strong support: ₹350. 🔹 Strength Factors Strong rounding base after long consolidation. Breakout nearing all-time high zone. Volume support visible in recent moves → adds reliability.