Pattern: Cup & Handle
Breakout Zone: Above ₹1,490
Structure: Price forming a large rounding base; EMAs aligned positively; RSI > 60 confirming momentum
Volume: Gradually increasing – accumulation visible
Plan:
Buy Trigger: Close above ₹1,490
Stoploss: ATR-based (~₹1,445)
Targets: ₹1,600 → ₹1,680 (based on Fib extensions)
View: Bullish continuation, strong structure supported by momentum and sector strength (Infrastructure + Ports theme)
Breakout Zone: Above ₹1,490
Structure: Price forming a large rounding base; EMAs aligned positively; RSI > 60 confirming momentum
Volume: Gradually increasing – accumulation visible
Plan:
Buy Trigger: Close above ₹1,490
Stoploss: ATR-based (~₹1,445)
Targets: ₹1,600 → ₹1,680 (based on Fib extensions)
View: Bullish continuation, strong structure supported by momentum and sector strength (Infrastructure + Ports theme)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.