📊 **CHOLAHLDNG – Cup and Handle Breakout**
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## ☕ **Pattern**:
* **Cup and Handle** formation
* Breakout above neckline at ₹2,000
* **Target Projection**: ₹2,613.50 (based on depth of cup)
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### 📈 **Technical Snapshot**
* 📌 Price: ₹2,010.20 (+0.72%)
* 🧱 Resistance Broken: ₹2,000
* 🎯 Target: ₹2,613.50
* 📉 RSI breaking out of trendline — momentum confirmation
* 📊 Volume: 62.7 Cr with +99% change
* 🔁 EMAs 8/21/55/144 – all strongly **bullish**
* ✅ RVol: 91.81% — above average, supporting the move
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### 🧠 **Key Observations**
* Handle formed as a bullish **ascending triangle**
* Breakout from strong base and long consolidation
* **RSI divergence resolving upward**, strength resuming
* U/D Ratio: 1.49 with 26 Up Days vs 24 Down Days
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### 📌 **Trade Setup**
* **Entry Zone**: ₹2,010–₹2,030
* **Target**: ₹2,613.50
* **Stoploss**: ₹1,950 (or ₹1,980 conservative)
---
---
## ☕ **Pattern**:
* **Cup and Handle** formation
* Breakout above neckline at ₹2,000
* **Target Projection**: ₹2,613.50 (based on depth of cup)
---
### 📈 **Technical Snapshot**
* 📌 Price: ₹2,010.20 (+0.72%)
* 🧱 Resistance Broken: ₹2,000
* 🎯 Target: ₹2,613.50
* 📉 RSI breaking out of trendline — momentum confirmation
* 📊 Volume: 62.7 Cr with +99% change
* 🔁 EMAs 8/21/55/144 – all strongly **bullish**
* ✅ RVol: 91.81% — above average, supporting the move
---
### 🧠 **Key Observations**
* Handle formed as a bullish **ascending triangle**
* Breakout from strong base and long consolidation
* **RSI divergence resolving upward**, strength resuming
* U/D Ratio: 1.49 with 26 Up Days vs 24 Down Days
---
### 📌 **Trade Setup**
* **Entry Zone**: ₹2,010–₹2,030
* **Target**: ₹2,613.50
* **Stoploss**: ₹1,950 (or ₹1,980 conservative)
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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.