Bias: Bullish
Signpost India is breaking out of a completed Cup & Handle pattern on the daily timeframe with a strong +14.96% candle, testing the cup's rim (~₹314.25) today with building volume confirmation.
Pattern Structure:
• Cup: Formed from Aug 2025 to May 2026 — a clean, rounded bottom from ~₹347 down to a low of ~₹200, then recovering back to the rim (~₹314.25). Duration: ~9 months.
• Handle: Shallow pullback in May-Jun 2026, holding above ₹284 support (blue line) without breakdown — controlled consolidation showing buyer control.
• Descending Trendline (black): Also acting as overhead resistance, now being challenged at the breakout zone.
Two reasons for the bullish bias:
1. Cup & Handle structure — all components properly formed with a deep, rounded bottom characteristic of a well-formed base
2. Handle held support cleanly — no breakdown below ₹284 during consolidation, showing disciplined buyer control throughout the pattern
Measured Move Target:
Pattern height (rim ~₹314 minus cup low ~₹200) = ~₹114. Projected target: ~₹428.
Trade Parameters:
• Entry: Current levels (~₹314-320) or on a retest of the rim zone
• Target 1: ₹347 (prior resistance)
• Target 2: ₹389.80
• Target 3: ₹428 (measured move)
• Stop Loss: Daily close below ₹284 (handle support)
• Trade Duration: 8 – 12 weeks
Invalidation:
Daily close below ₹284 invalidates the setup.
Note: Volume is building on the breakout — watch for sustained volume expansion in coming sessions to confirm institutional participation.
For educational purposes only. Not financial advice.
#SignpostIndia #SIGNPOST #NSE #CupAndHandle #TechnicalAnalysis #SwingTrading #IndianStockMarket #Education #TradingView
Signpost India is breaking out of a completed Cup & Handle pattern on the daily timeframe with a strong +14.96% candle, testing the cup's rim (~₹314.25) today with building volume confirmation.
Pattern Structure:
• Cup: Formed from Aug 2025 to May 2026 — a clean, rounded bottom from ~₹347 down to a low of ~₹200, then recovering back to the rim (~₹314.25). Duration: ~9 months.
• Handle: Shallow pullback in May-Jun 2026, holding above ₹284 support (blue line) without breakdown — controlled consolidation showing buyer control.
• Descending Trendline (black): Also acting as overhead resistance, now being challenged at the breakout zone.
Two reasons for the bullish bias:
1. Cup & Handle structure — all components properly formed with a deep, rounded bottom characteristic of a well-formed base
2. Handle held support cleanly — no breakdown below ₹284 during consolidation, showing disciplined buyer control throughout the pattern
Measured Move Target:
Pattern height (rim ~₹314 minus cup low ~₹200) = ~₹114. Projected target: ~₹428.
Trade Parameters:
• Entry: Current levels (~₹314-320) or on a retest of the rim zone
• Target 1: ₹347 (prior resistance)
• Target 2: ₹389.80
• Target 3: ₹428 (measured move)
• Stop Loss: Daily close below ₹284 (handle support)
• Trade Duration: 8 – 12 weeks
Invalidation:
Daily close below ₹284 invalidates the setup.
Note: Volume is building on the breakout — watch for sustained volume expansion in coming sessions to confirm institutional participation.
For educational purposes only. Not financial advice.
#SignpostIndia #SIGNPOST #NSE #CupAndHandle #TechnicalAnalysis #SwingTrading #IndianStockMarket #Education #TradingView
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.