APARINDS | Cup and Handle Breakout

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### 📊 **Chart Pattern: Cup and Handle Breakout**

* **Cup Depth**: ₹4,021.40

* **Breakout Point**: ₹8,346.00

* **Target Price**:
₹8,346 + ₹4,021 = **₹12,375** (approx. shown on chart as ₹12,375.10)

* **Handle Formation**: Clean consolidation post-cup; breakout seen today.

* **Breakout Candle**: Strong wide-range bullish candle with high volume (336.87K shares) → confirms breakout strength.

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### 🔍 **Volume & RSI Analysis**

#### 📈 Volume:

* Spike on breakout day → indicates **institutional participation**.
* Volume is \~350% higher than average, adding conviction to the move.

#### 📊 RSI:

* Prior **bearish divergence** resolved.
* RSI breakout above trendline → **momentum back in favor of bulls**.

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### 📌 **Key Indicators**

| Indicator | Value / Trend | Implication |
| ----------------- | ------------------- | --------------------------------------------------------------- |
| EMA-8 to EMA-144 | All aligned bullish | Strong trend continuation |
| Pivot (Daily) | ₹8,346.80 | Price currently below Pivot, could act as short-term resistance |
| U/D Ratio | 3.81 | Very bullish (more up days vs. down) |
| Volume %Chg | +350.64% | Breakout confirmation |
| ADR (Daily Range) | 4.49% | Volatility increasing with price |

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### 🔔 **Key Levels to Watch**

* **Support (Re-test Level)**: ₹8,346 (breakout zone)
* **Resistance/Target**: ₹12,375
* **Invalidation**: Breakdown below ₹8,097 (failed breakout scenario)

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### 🧭 **Trade Idea (if trading)**

| Entry | ₹8,150–₹8,300 (on retest or continuation) |
| ----------- | ----------------------------------------- |
| Stop Loss | ₹8,097 (below breakout handle base) |
| Target | ₹12,375 |
| Risk–Reward | \~1:4+ (favorable setup) |

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### 📌 Final Verdict:

This is a **textbook cup and handle breakout** with volume and momentum confirmation. The price structure, RSI breakout, and EMA alignment all support a bullish outlook toward ₹12,375 in the coming weeks.