Veto Switchgears And Cables Ltd. Share Price

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

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Cup Breakout + Momentum Expansion Visible in Veto Switchgears!

Veto Switchgears is showing a strong technical recovery setup as price breaks out from a long rounding accumulation structure with improving momentum characteristics. Technical View: • The chart highlights a well-formed Cup pattern breakout, with price reclaiming the major resistance zone near ₹120 after several months of consolidation. Breakouts from rounded bases often indicate gradual institutional accumulation. • From an Elliott Wave perspective, the prolonged corrective structure may have completed a higher-degree consolidation phase, with the stock potentially entering an impulsive Wave 3 expansion. • MACD structure likely reflects a bullish crossover along with positive momentum divergence, signaling strengthening buying momentum after the base formation. • AVWAP analysis suggests the breakout region around ₹118–₹120 may now act as an important support zone. Sustaining above this area would reinforce bullish continuation probabilities. • The breakout candle shows strong price acceptance near resistance, which is often a positive sign after long accumulation structures. Fundamental Perspective: The company operates in the electrical and consumer infrastructure segment, benefiting from demand linked to housing, electrification, and cable/switchgear expansion themes. Consistent operational performance and improving business visibility can support long-term sentiment improvement. Why this setup is interesting: A combination of long-duration base formation, breakout confirmation, and improving momentum structure often creates favorable trend continuation opportunities when supported by sustained volume and price stability. Monitoring price behavior above the breakout zone remains important for confirmation of the ongoing trend transition.

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ITC HOTELS — LONG-TERM EXPANSION BLUEPRINT

ITC Hotels has outlined a plan to scale to 5,900+ keys and 220+ hotels by 2030. The company has also launched its new ‘Epiq Collection’ brand, entered new cities, and has already added 15 hotels in the first half of FY26. Growth continues under its asset-right strategy, which focuses on expanding premium hospitality without heavy balance-sheet load. Why it matters Expansion is brand-led, not capex-heavy, protecting returns Broader footprint strengthens ITC’s premium hospitality positioning Consistent pipeline + asset-light economics = profitable scale Risks to watch Hospitality is still macro-sensitive (tourism, business travel cycles) Profitability depends on occupancy and ADR discipline Execution quality across franchise/management-contract hotels

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