Classic Cup & Handle pattern is forming on the monthly chart of Nifty Mid Cap Index, signaling potential for a strong bullish continuation if key resistance levels are cleared.
🔹 CMP: 58,762
🔹 Pattern: Cup & Handle (Monthly Time Frame)
🔹 Breakout
🔹 Resistance Zones: 59,678 – 60,381 / 60,926 (All-Time High)
🔹 Support: 56,113
🔹 Pattern Target: 72,900 (+24% from CMP)
🔹 Invalidation Level: 55,660 (Monthly Close Below)
Watch for a strong breakout above 60,926. Monthly close above this level could trigger a fresh rally into uncharted territory.
#CNXMIDCAP | #MidCap | #MidCapIndex | #CupAndHandle | #ChartPattern | #PriceAction | #BullishContinuation
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
🔹 CMP: 58,762
🔹 Pattern: Cup & Handle (Monthly Time Frame)
🔹 Breakout
🔹 Resistance Zones: 59,678 – 60,381 / 60,926 (All-Time High)
🔹 Support: 56,113
🔹 Pattern Target: 72,900 (+24% from CMP)
🔹 Invalidation Level: 55,660 (Monthly Close Below)
Watch for a strong breakout above 60,926. Monthly close above this level could trigger a fresh rally into uncharted territory.
#CNXMIDCAP | #MidCap | #MidCapIndex | #CupAndHandle | #ChartPattern | #PriceAction | #BullishContinuation
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
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.