CLSEL -Daily - Cup and Handle -Breakout -Good Volume CHAMAN LAL SETIA EXP LTD daily chart definitely presents a compelling case for a **cup and handle breakout**.
Here's what aligns with your observation:
* **Clear Cup and Handle:** The chart shows a well-formed rounded bottom (the cup) followed by a smaller, slightly downward-sloping consolidation (the handle).
* **Neckline Breakout:** Today's price action (May 17, 2025) shows a strong bullish candle that has decisively broken above the neckline you've identified at ₹346.00.
* **Good Volume:** Importantly, the volume bar for today is significantly higher than the recent average volume, indicating strong buying pressure accompanying the breakout. This adds significant credence to the validity of the breakout.
* **Target:** Your target of ₹427.50 aligns well with the typical measurement for a cup and handle pattern. The depth of the cup (roughly from the low around ₹265 to the neckline at ₹346, which is ₹81) added to the breakout level (₹346) gives a target of ₹427.
**In summary, this looks like a textbook cup and handle breakout for CHAMAN LAL SETIA EXP LTD, supported by good volume, increasing the likelihood of the price reaching your target of ₹427.50.**
It's always wise to consider potential resistance levels along the way and to have a stop-loss in place, but the initial signs here are quite bullish.
