📊 MIRZAINT – Cup & Handle Breakout from Order Block | RVol 349% | RSI Near Overbought | Daily Chart
📅 Chart Date: July 8, 2025
📍 CMP: ₹34.45 (+4.71%)
📈 Symbol: NSE:MIRZAINT
🔍 Technical Analysis Breakdown
☕ Cup & Handle Breakout
Classic Cup & Handle pattern breakout above neckline resistance at ~₹33.
Smooth rounding bottom base followed by tight consolidation and bullish breakout.
🟥 Volumized Order Block (OB) Analysis
Previous Supply Zone: Between ₹41–₹49.5.
Demand Zone: ~₹24–₹26, previously respected.
Breakout occurred from a fresh bullish 1D OB .
📈 Relative Volume (RVol%): 349%
Significant volume spike confirms strong buying interest behind the breakout.
📐 Measured OB Data
1.542M (44%) red OB supply previously pushed price down.
Bullish OB of 795.893K (18%) supported accumulation phase pre-breakout.
📊 RSI (14, close): 69.18
Approaching overbought zone (>70), confirming strong trend but may see minor consolidation.
🏁 Key Technical Levels
Breakout Level (Neckline): ₹33.00
CMP: ₹34.45
Resistance Ahead: ₹41.00 → ₹49.50 (previous OB supply zone)
Support: ₹30.00 / ₹26.00 (OB base)
💡 Trade Setup Insight
Entry: CMP on breakout or retest near ₹33
Target 1: ₹41
Target 2: ₹49+
Stoploss: Below ₹30 or ₹26 (OB base zone)
Risk Profile: Moderate to Aggressive
⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management.
📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis!
🔁 Drop a comment if TFCILTD is on your radar for the next breakout rally 📈
📅 Chart Date: July 8, 2025
📍 CMP: ₹34.45 (+4.71%)
📈 Symbol: NSE:MIRZAINT
🔍 Technical Analysis Breakdown
☕ Cup & Handle Breakout
Classic Cup & Handle pattern breakout above neckline resistance at ~₹33.
Smooth rounding bottom base followed by tight consolidation and bullish breakout.
🟥 Volumized Order Block (OB) Analysis
Previous Supply Zone: Between ₹41–₹49.5.
Demand Zone: ~₹24–₹26, previously respected.
Breakout occurred from a fresh bullish 1D OB .
📈 Relative Volume (RVol%): 349%
Significant volume spike confirms strong buying interest behind the breakout.
📐 Measured OB Data
1.542M (44%) red OB supply previously pushed price down.
Bullish OB of 795.893K (18%) supported accumulation phase pre-breakout.
📊 RSI (14, close): 69.18
Approaching overbought zone (>70), confirming strong trend but may see minor consolidation.
🏁 Key Technical Levels
Breakout Level (Neckline): ₹33.00
CMP: ₹34.45
Resistance Ahead: ₹41.00 → ₹49.50 (previous OB supply zone)
Support: ₹30.00 / ₹26.00 (OB base)
💡 Trade Setup Insight
Entry: CMP on breakout or retest near ₹33
Target 1: ₹41
Target 2: ₹49+
Stoploss: Below ₹30 or ₹26 (OB base zone)
Risk Profile: Moderate to Aggressive
⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management.
📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis!
🔁 Drop a comment if TFCILTD is on your radar for the next breakout rally 📈
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.