Veto Switchgears & Cables (Weekly Chart) – Cup & Handle Breakout Analysis

Pattern Identified Cup & Handle Breakout Left rim resistance: ₹139–140 Cup bottom: ₹83–85 Right rim resistance: ₹139–140 Current price: ₹143.79 Weekly breakout candle: +15.96% The stock has spent nearly a year building this structure, which significantly improves the probability of a sustained trend. Breakout Zone Key Resistance Turned Support ₹139–140 The latest candle shows: ✅ Strong breakout above multi-month resistance ✅ Close above the rim of the cup ✅ Momentum expansion candle ✅ Breakout after a lengthy consolidation This is exactly the type of price action expected when a stock exits a long accumulation phase. Measured Move Targets Cup depth: Rim = ₹140 Bottom = ₹84 Depth ≈ ₹56 Classical Target ₹140 + ₹56 = ₹196