#CNXSMALLCAP | Monthly Cup & Handle Breakout Brewing!Classic Cup & Handle pattern is forming on the monthly chart of Nifty Small Cap Index , signaling potential for a strong bullish continuation if key resistance levels are cleared.
🔹 CMP: 18,102
🔹 Pattern: Cup & Handle (MTF)
🔹 Resistance Zones: 18505 - 18603 / 19075 - 19307 / 19716 (ATH)
🔹 Support Zones: 17601 - 17561 and Handle bottom 17209
🔹 Pattern Target: 24200 (+33% from CMP)
🔹 Pattern Invalidation Level: 17209 MCB
Watch for a strong breakout above the neckline . Monthly close above this level could trigger a fresh rally into uncharted territory.
#CNXSMALLCAP | #SmallCap | #SmallCapIndex | #CupAndHandle | #ChartPattern | #PriceAction | #BullishContinuation
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
