NATIONALUM – Cup & Handle pattern | Long Setup

Apr 5

Timeframe: Daily
Bais: Bullish upon breakout of Cup & handle pattern. (on confirmation)

📊 Chart Overview:

• Price has been in a strong uptrend and is now consolidating after a corrective phase.
• A clear descending trendline resistance (yellow) has been capping the price since the recent high.
• Recent structure shows a rounding bottom / higher low formation, indicating accumulation.
• Price is currently attempting a breakout retest zone near ₹400–405.

🧠 Setup Logic:

• The trend remains bullish as price is holding above key moving averages.
• The corrective phase looks like a healthy pullback, not a trend reversal.
• Formation of higher lows + base near support (~₹330) suggests strength.
• A breakout above the trendline signals continuation of the primary trend.

🚀 Trade Plan:
Entry Zone:
₹400 – ₹406 (on breakout or retest confirmation)
Stop Loss:
₹373 (below recent swing low / structure support)
Target Levels:
🎯 T1: ₹450
🎯 T2: ₹480
🎯 T3: ₹500+ (momentum extension)

📈 Confluence Factors:

• Breakout of descending trendline resistance
• Higher low structure intact
• Price above key EMAs (trend support)
• Volume showing signs of accumulation near base

⚠️ Risk Factors:

• False breakout if price fails to sustain above ₹400
• Broader market weakness could delay momentum
• Watch for rejection near trendline zone

💡 Summary:
This setup offers a high R:R swing opportunity if the breakout sustains. The structure favors bulls, and a clean move above ₹405 can trigger a strong upside rally.

📌 Disclaimer:
This is for educational purposes only. Always manage your risk and trade according to your plan.

Apr 6

Trade active

Price started moving..

Apr 26

Note

Price has moved 30 points from the 405 level. 7% so far... Keep trailing

Apr 28

Note

Going good