### 🏆 Pattern: **Cup & Handle Breakout**
* **Cup Formation**: Rounded bottom from Jan to April 2025.
* **Handle**: A bullish flag/pennant formed after the initial breakout near ₹1640 zone.
* Breakout is now **confirmed** with price pushing past the handle resistance.
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### 📈 Price Target:
* Cup depth = ₹394.60
* Breakout level = ₹1640
* **Projected Target** = ₹2033
→ **24% upside** from breakout zone
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### 📊 Volume & RSI Confirmation:
* **Volume** increased on breakout = Bullish conviction ✅
* **RSI** broke out of falling wedge and is rising again toward overbought = momentum strength ✅
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### 🎯 Summary:
> TECHM is breaking out of a **classic bullish Cup and Handle** with strong volume and RSI confirmation. As long as price sustains above ₹1640, the next leg towards ₹2030 may be in play.
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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.