Setup Type: Cup & Handle
Timeframe: Weekly
Instrument: Cash (Equity)
Current Price (approx): ₹461.95
📊 Technical Observation
Clear multi-month Cup & Handle structure visible on the weekly chart.
Price has approached the descending resistance trendline (neckline zone).
Recent candles show strong bullish momentum from handle low.
Volume expansion (≈4.98M vs avg 3.99M) indicates accumulation.
The structure is mature and nearing a potential breakout zone.
🎯 Trade Plan (Positional – Cash)
Buy Zone (BO confirmation):
Sustained weekly close above ₹480–490 zone (trendline resistance)
Stop Loss (Weekly closing basis):
Conservative: ₹405
Positional swing SL: below handle low
Targets:
T1: ₹560
T2: ₹640
Positional Pattern Target: ₹780–790 zone
(Full pattern projection ≈ 61% measured move)
📈 Why This Setup Matters
Long rounding base (strong accumulation footprint)
Healthy handle formation (no deep damage)
Volume supporting the right side of cup
Structure visible on higher timeframe = better reliability
⚠️ Risk Factors
Failure to close above trendline may lead to range-bound move
Broader market weakness can delay breakout
Avoid chasing vertical weekly spikes
🧭 Positional View
Bias remains bullish above handle structure.
Best approach is buy on breakout + hold with weekly discipline.
📢 Disclaimer
This idea is shared for educational purposes only and is not financial advice. Please do your own research and consult your financial advisor before taking any trade. Markets involve risk — manage position sizing and stop losses carefully.
👍 If you found this helpful, don’t forget to Boost 🚀 and Follow for more high-probability setups and structured trade ideas.
Timeframe: Weekly
Instrument: Cash (Equity)
Current Price (approx): ₹461.95
📊 Technical Observation
Clear multi-month Cup & Handle structure visible on the weekly chart.
Price has approached the descending resistance trendline (neckline zone).
Recent candles show strong bullish momentum from handle low.
Volume expansion (≈4.98M vs avg 3.99M) indicates accumulation.
The structure is mature and nearing a potential breakout zone.
🎯 Trade Plan (Positional – Cash)
Buy Zone (BO confirmation):
Sustained weekly close above ₹480–490 zone (trendline resistance)
Stop Loss (Weekly closing basis):
Conservative: ₹405
Positional swing SL: below handle low
Targets:
T1: ₹560
T2: ₹640
Positional Pattern Target: ₹780–790 zone
(Full pattern projection ≈ 61% measured move)
📈 Why This Setup Matters
Long rounding base (strong accumulation footprint)
Healthy handle formation (no deep damage)
Volume supporting the right side of cup
Structure visible on higher timeframe = better reliability
⚠️ Risk Factors
Failure to close above trendline may lead to range-bound move
Broader market weakness can delay breakout
Avoid chasing vertical weekly spikes
🧭 Positional View
Bias remains bullish above handle structure.
Best approach is buy on breakout + hold with weekly discipline.
📢 Disclaimer
This idea is shared for educational purposes only and is not financial advice. Please do your own research and consult your financial advisor before taking any trade. Markets involve risk — manage position sizing and stop losses carefully.
👍 If you found this helpful, don’t forget to Boost 🚀 and Follow for more high-probability setups and structured trade ideas.
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.