This is a textbook cup & handle on the monthly timeframe — one of the highest-reliability bullish continuation patterns. The cup base formed over roughly 2014–2025, with the rim at ₹190–200. The stock broke above that rim in early 2026, and the current candle is pulling back to retest it — that pullback IS the handle.
Indicators confirm:
RSI at 64.48 — strong momentum without being overbought. Plenty of room to run before hitting 70–80.
MACD histogram is turning positive with the signal line crossover — momentum is with the bulls.
Volume on the breakout candle (285.9M) is above the prior average — breakouts on high volume are far more reliable.
Trade Plan:-
Buy zone 1₹180–175 Primary accumulation — handle retest
Buy zone 2 ₹165–155 Add more if deeper pullback
Target 1 ₹250–260~40% Target 2 ₹300–320 ~70%
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Related publications
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.