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
คำจำกัดสิทธิ์ความรับผิดชอบ
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน