Weekend Visual ChartBook

No detailed thesis provided for this setup.

Price Action Overview: Oil India has broken below a 2-month diagonal support line, signaling a technical breakdown from its recent uptrend. The price had been trending higher steadily, but recent selling pressure has accelerated, confirmed by a decisive close below the trendline. The steep sequence of lower highs and strong bearish candles suggests a shift in sentiment from bullish to corrective. Candlestick Pattern: The latest sessions exhibit large-bodied bearish candles with strong follow- through. The breakdown candle closed well below the support line, showing clear momentum on the downside. Volume Analysis: Volume has expanded significantly over the past few sessions—particularly during the breakdown—which strengthens the bearish case. Elevated red volume bars indicate aggressive selling activity. 2. Crucial Support and Resistance Levels Support Levels: ₹420: Minor interim support from previous price congestion. ₹400: Round-number support and psychological level. ₹362–₹365: Major support from April’s breakout base. Resistance Levels: ₹445: Former trendline zone; now turned resistance. ₹460: Last failed swing high before breakdown. ₹491.50: Recent high; invalidation level for bearish structure. The structure now favors lower levels as long as price stays below ₹445. 3. Strategic Trade Scenarios 🔻 Breakdown Continuation Setup: If the price sustains below ₹445 with continued volume buildup, further downside toward ₹400 and ₹362 looks probable. Watch for weak bounce attempts as shorting opportunities below resistance. 🔸 False Breakdown Scenario: If the stock reclaims the ₹445 zone quickly and closes back above the trendline, the breakdown would be invalidated, and a return to ₹460–₹470 levels may follow.

No detailed thesis provided for this setup.

Price Action Overview: Prestige Estates approached a long-standing horizontal resistance zone at ₹1,756, which has capped price advances since late 2023. After a strong rally into this zone, the price has formed a bearish engulfing pattern, signaling a potential reversal. This reversal pattern appears right at a critical inflection point, making it a meaningful signal. The sharp rejection and follow-through selling suggest buyer exhaustion and increased supply near resistance. Candlestick Pattern: The bearish engulfing candle has fully engulfed the prior day’s body and closed near the session low—confirming control shifting to sellers. This is a classic reversal signal, especially when appearing at a key horizontal resistance. Volume Analysis: Volume during the engulfing session was moderately high, indicating participation in the sell-off. Recent sessions also showed tapering bullish volume near resistance —often a sign of weakening momentum. 2. Crucial Support and Resistance Levels Support Levels: ₹1,620: Near-term swing support. ₹1,530: Last consolidation zone during the uptrend. ₹1,400–₹1,380: Intermediate structure and potential retracement zone. Resistance Levels: ₹1,756: Major multi-month horizontal resistance. ₹1,800: Minor psychological resistance. ₹1,900: 52-week high; upper bound for long-term projection. Failure to reclaim ₹1,756 soon keeps the bearish structure active. 3. Strategic Trade Scenarios 🔻 Reversal / Breakdown Setup: A continued move below ₹1,620 would validate the bearish engulfing pattern, potentially leading to a correction toward ₹1,530–₹1,400. Lower highs on minor pullbacks would strengthen the reversal structure. 🔸 Failed Breakdown Scenario: If price reclaims ₹1,756 decisively with volume, it would negate the bearish setup and open the path toward ₹1,800 and ₹1,900.

No detailed thesis provided for this setup.

Price Action Overview: The stock has been steadily climbing within a well-formed ascending channel, with clean respect for both upper and lower trendlines. Recently, however, price action has turned weak near the mid-channel zone and is now approaching the lower channel boundary, showing signs of deceleration. The latest candle is a large-bodied red candle—nearly a bearish marubozu— suggesting momentum loss and potential pressure on the lower trendline. Candlestick Pattern: A strong bearish candle has formed without lower wick rejection, reflecting aggressive intraday selling. Volume Analysis: Volume has risen on the current down-move, indicating increased participation on the downside. This could lead to a test of channel support or a breakdown if support fails. 2. Crucial Support and Resistance Levels Support Levels: ₹1,290: Lower ascending trendline—critical level for channel preservation. ₹1,250: Recent swing low and structure base. ₹1,200: Round number and prior accumulation zone. Resistance Levels: ₹1,360: Mid-channel resistance and local high. ₹1,380–₹1,390: Channel top, last rejection zone. Price is vulnerable unless it stabilizes above the trendline with buying response. 3. Strategic Trade Scenarios 🔸 Channel Breakdown Scenario: If price breaks and closes below ₹1,290 with volume, it would indicate a pattern failure and may trigger a descent toward ₹1,250–₹1,200. Watch for bearish follow- through or gap-down moves as confirmation. 🔹 Channel Bounce Setup: A bullish reversal candle near ₹1,290 with declining volume followed by a spike would keep the ascending structure intact, offering scope to revisit ₹1,360 and above.

No detailed thesis provided for this setup.

Price Action Overview: Following a steep upward rally, IIFL Finance has entered a symmetrical triangle pattern, characterized by a tightening range of lower highs and higher lows—a sign of short-term price compression. This typically reflects indecision but often resolves in the direction of the preceding trend. The recent development of a minor rounding top formation inside the triangle further suggests a shift from momentum to distribution. Candles near the lower boundary show persistent pressure, with price staying close to the support line—an indication that buyers are either exhausted or stepping back. Candlestick Pattern: Multiple red-bodied candles are clustering near support with weak or no lower wicks—a sign of controlled selling and lack of immediate demand. The absence of bullish reversal patterns reinforces short-term caution. Volume Analysis: Volume inside the pattern has gradually contracted—a typical triangle behavior—while selective spikes on red candles suggest aggressive selling on minor rallies. This mix signals latent bearish strength, and a breakout with volume would affirm the setup. 2. Crucial Support and Resistance Levels Support Levels: ₹471: Immediate triangle base—key decision point in the short term. ₹454.90: Minor swing low and probable initial landing zone if breakdown occurs. ₹423.05: Broader structural support from previous base—anchor zone for trend reassessment. Resistance Levels: ₹486.25: Downsloping upper triangle boundary—first resistance in case of reversal. ₹495.50: Recent swing high; breakout failure point—major resistance and invalidation level for bearish bias. Unless the price decisively closes above ₹486.25 with range expansion, resistance remains intact. 3. Strategic Trade Scenarios 🔸 Breakdown Continuation Setup: If price breaches ₹471 with strong bearish volume, the triangle breakdown confirms. Downside may extend to ₹455 initially, followed by a broader retracement to ₹423.05, which has acted as a key structural pivot in recent weeks. This setup would validate a distribution outcome post compression. 🔹 Bounce Reversal Setup: If the price defends ₹471 with a bullish reversal candle (e.g., hammer or bullish engulfing) and sees volume pick-up, it may suggest the lower boundary is attracting demand. A move past ₹486.25 would then flip the pattern bullish, opening a possible retest of ₹495.50–₹500, where prior selling emerged.

No detailed thesis provided for this setup.

Price Action Overview: After a strong recovery from the March lows, LTIMindtree has steadily climbed within a well-defined ascending channel. However, recent price action in the last 2–3 weeks has shown signs of distribution near the upper half of the channel, where prices have stalled and formed a tight consolidation range. The candles within this range show lower closes and frequent upper wicks, hinting at supply emergence. The last few sessions exhibit a bearish bias within this distribution zone, with today's wide- range red candle breaching short-term support inside the channel—raising caution for a potential shift in structure. Candlestick Pattern: A series of bearish candles with minimal lower wicks within the rectangle zone imply that demand is weakening. The current candle broke below the distribution box with volume expansion, reinforcing near-term bearishness. Volume Analysis: Volumes spiked during the initial uptrend but have since flattened during consolidation, a classic sign of absorption. Today’s higher volume red candle is notable—it suggests the possibility of a distribution phase culminating into a breakdown, unless quickly reversed. 2. Crucial Support and Resistance Levels Support Levels: ₹5,260–5,240: Lower edge of distribution zone; first defense for bulls. ₹5,080: Mid-channel level and prior consolidation zone; could attract buyers temporarily. ₹4,920: Lower channel boundary—key support for trend preservation. Resistance Levels: ₹5,420–5,460: Upper end of the distribution box; needs a decisive close above to reclaim bullish momentum. ₹5,600: Upper channel resistance—tested but never breached during the current up-leg. 3. Strategic Trade Scenarios 🔸 Breakdown & Channel Retest Setup: If price continues lower and sustains below ₹5,240 with volume follow-through, it opens downside potential toward ₹5,080, and eventually the ₹4,920 zone near the ascending channel base. This would confirm the distribution-to-decline transition. 🔹 False Breakdown & Reclaim Scenario: If the price stabilizes around ₹5,260 and forms a bullish reversal candle (e.g., morning star or bullish engulfing), followed by volume, the break may be invalidated. A move above ₹5,420–5,460 would reestablish strength and retarget the ₹5,600 zone.

No detailed thesis provided for this setup.

Price Action Overview: The stock recently rallied into a strong resistance zone between ₹195–₹198, which has historically acted as a supply shelf over the past several months. Upon re-approaching this zone, the price action slowed and formed a bearish Dark Cloud Cover pattern, hinting at buyer exhaustion and potential reversal pressure. The move into resistance came after a relatively sharp up-leg, indicating overextension and susceptibility to mean reversion. The rejection candle closed well into the prior bullish bar, creating a notable shift in sentiment. Candlestick Pattern: The Dark Cloud Cover, a two-bar reversal pattern, signals that sellers are aggressively defending the resistance zone. It formed precisely after price tagged the upper bound of the ₹195–₹198 band. Volume Analysis: Volume rose during the rejection candle, validating the bearish structure. This combination of price reversal and volume uptick within resistance elevates the credibility of the rejection. 2. Crucial Support and Resistance Levels Support Levels: ₹186: Immediate prior swing low. A breakdown here would confirm short-term weakness. ₹178: Consolidation base and a minor demand zone. ₹165: Major structural support and prior breakout level from May. Resistance Levels: ₹195–₹198: Strong overhead zone; multiple rejections observed over 7 months. ₹205: Only if price breaks out with volume, this would be the next upside resistance. 3. Strategic Trade Scenarios 🔸 Reversal Continuation Setup: If price breaks below ₹186 on higher volume, expect momentum to carry toward ₹178, potentially even to ₹165 in a continued retracement. This confirms the bearish implication of the Dark Cloud Cover. 🔹 Bullish Reclaim Scenario: Should price recover back above ₹198 with a bullish marubozu or gap-up and supportive volume, the resistance zone may get invalidated. That would re-open upside toward ₹205.

No detailed thesis provided for this setup.

Price Action Overview: The stock has formed a classic Rounding Bottom over an 18-year period, a powerful accumulation and reversal structure indicating a gradual transition from long-term distribution to accumulation and eventual trend reversal. This pattern signifies sustained investor interest building over time, despite broad cycles of volatility and decline. After years of price contraction and base building between ₹10 and ₹90, the stock has finally reclaimed the ₹134.90 neckline, which had acted as a historical supply ceiling since 2007. This month's candle shows a significant breakout attempt, backed by a wide-bodied bullish range and aggressive follow-through. Candlestick Behavior: The current monthly candle is large and bullish, showing a strong price rejection from lower levels and confident follow-through beyond resistance. Prior months also display narrowing wicks and higher closes—a sign of growing conviction. Volume Analysis: Volume has exploded to multi-year highs, confirming institutional participation. This kind of volume on a monthly chart is rare and typically confirms the validity of a structural breakout from long accumulation. 2. Crucial Support and Resistance Levels Support Levels: ₹134.90: Neckline of the rounding bottom; a retest and hold will confirm breakout validity. ₹110: Last minor consolidation zone before breakout; a demand base. ₹90: Historical support and key psychological zone from 2021–2023. Resistance Levels: ₹164.89: Previous swing high from 2024; breakout target zone. ₹200: Round-number resistance if price sustains momentum; potential medium-term level. 3. Strategic Trade Scenarios 🔸 Breakout Continuation Setup: If price sustains above ₹134.90 on monthly closing basis, expect follow-through momentum toward ₹165 initially. Holding above this neckline with ongoing volume expansion would validate a structural breakout and initiate a potential long-term uptrend. 🔹 Retest and Rejection Setup: Should price dip back below ₹134.90 with weakness and fading volume, the breakout would be termed premature. In such a case, monitor ₹110 for base reformation. Breakdown below this would indicate failed breakout and reversion into prior range.

No detailed thesis provided for this setup.

Price Action Overview: Sangam has been confined within a broad range-bound structure for over a year, repeatedly failing near the ₹482–485 zone. This horizontal resistance acted as a ceiling for multiple rally attempts, establishing itself as a strong supply level. The recent price action finally broke above this key resistance with a wide bullish candle and large body range, showing a clean breakout with strong intent. This upward move has cleared the overhang of consolidation, and the stock has entered fresh territory not seen since early 2024. The structure resembles a volatility contraction breakout, signaling the end of prolonged accumulation. Candlestick Behavior: The breakout candle is a decisive bullish bar with strong follow-through and no upper wick, reflecting sustained buying till close. Previous candles showed tightening ranges and higher lows, pointing to pressure buildup. Volume Analysis: Volume has surged significantly alongside the breakout candle. This is important confirmation as the stock had shown muted volumes during earlier resistance tests, but the current spike implies real institutional activity backing the breakout. 2. Crucial Support and Resistance Levels Support Levels: ₹482.20: Previous horizontal resistance now turns into immediate support (breakout level). ₹450: Minor demand zone within range—mid-channel support. ₹410: Last strong pivot before the rally began. Resistance Levels: ₹525–₹540: Minor historical congestion zone (from early 2024) that could act as short- term resistance. ₹629.95: Swing high from Jan 2024; next major upside objective on sustained strength. 3. Strategic Trade Scenarios 🔸 Breakout Continuation Setup: A daily close above ₹482 with rising volume suggests breakout strength. Sustained price action above this zone could lead to a push toward ₹525 and potentially ₹630 over the medium term. Look for higher lows and volume continuity for confirmation. 🔹 Retest & Reversion Setup: If price pulls back below ₹482 without defending the breakout zone, expect a retest toward ₹450. A breakdown below ₹450 would weaken momentum and reintroduce range-bound behavior.

No detailed thesis provided for this setup.

Price Action Overview: Hubtown appears to be completing a multi-month rounding formation, now progressing into the right-side rally. This formation follows a long period of correction and stabilization between ₹160 and ₹200. The recent breakout attempt with an impulsive bullish candle and strong volume signals that the stock may be preparing for a major continuation. The pattern reflects long-term accumulation transitioning into markup, as seen by the smooth curve on both sides of the structure. Price is now testing the neckline zone of the previous highs from late 2024, showing renewed buyer aggression after a corrective phase. Candlestick Behavior: The last 2 weekly candles show significant range expansion with bullish closes and little upper wick pressure—strong signs of momentum buildup. There’s no selling tail at current levels, which indicates low supply absorption. Volume Analysis: Volume has surged considerably in recent weeks. This increasing activity aligns with the right side of the rounding base, where demand typically overtakes lingering supply. Volume on breakout weeks has exceeded prior averages, strengthening the reliability of the emerging move. 2. Crucial Support and Resistance Levels Support Levels: ₹225: Short-term breakout zone—now an immediate demand base. ₹205–₹200: Consolidation band from the base, structurally critical. ₹160: Key swing low—acts as pattern’s anchor and long-term invalidation level. Resistance Levels: ₹280–₹285: Previous rejection zone; acts as the neckline for the rounding bottom. ₹344.30: All-time high zone—potential major breakout level if current move extends. 3. Strategic Trade Scenarios 🔸 Breakout Continuation Setup: A weekly close above ₹280 with rising volume will confirm a breakout from the rounding base. This could unlock a rally toward the ₹340–₹350 region, supported by price structure symmetry and historical volume behavior. 🔹 Pullback Reentry Setup: If the stock retraces after testing ₹280, watch for a dip toward ₹225–₹230. A bullish reversal pattern here (inside bar, bullish engulfing) with supporting volume would indicate a healthy handle formation within a classic continuation framework.

No detailed thesis provided for this setup.

Price Action Overview: Silver Touch has formed a classic Pole and Flag pattern after a sharp vertical rise between 2022 and early 2024 (the “pole”), followed by a long-term horizontal consolidation between ₹620 and ₹840 (the “flag”). This sideways action has unfolded for over a year, indicating a healthy digestion of prior gains. The most recent candles show upper tail rejections just beneath ₹840 resistance, indicating sellers defending the upper boundary of the flag. The broader structure still remains bullish, with price compressing within a well-defined box range and the latest rally retesting upper breakout levels. Candlestick Behavior: Recent candles display rejection wicks and short-bodied formations—suggesting indecision at the higher band. However, the presence of bullish marubozu-type bars in prior weeks suggests bullish interest remains active on dips. Volume Analysis: Volume during the pole phase surged dramatically—indicative of strong institutional participation. During the flag consolidation, volume has normalized with periodic spikes on upward attempts. A sustained breakout above ₹840 with above-average volume would confirm fresh momentum. 2. Crucial Support and Resistance Levels Support Zones: ₹720: Mid-flag consolidation pivot zone; historical inflection area. ₹640–₹620: Lower edge of the flag structure; tested multiple times and held firmly. ₹590: Final demand base formed before prior rally—flag structure invalidation zone. Resistance Zones: ₹820–₹840: Long-term horizontal resistance and upper breakout zone; multiple rejection points. ₹844.65: All-time high; confluence point of structural breakout. Unless the price achieves a strong weekly close above ₹840, the upper range remains under supply pressure. 3. Strategic Trade Scenarios 🔸 Bullish Flag Breakout Setup: A sustained close above ₹840, preferably accompanied by volume >150K, would confirm a breakout from the 3-year flag. Such a move opens upside potential toward ₹1,000 in the medium term, assuming symmetry with the height of the pole. 🔹 Range Rejection Setup: Failure to close above ₹820–₹840 and subsequent rejection candles (bearish engulfing or long upper shadows) could lead to a retest of ₹720 or deeper toward ₹640. Price activity here would be critical to assess whether the flag remains valid or risks breakdown.

No detailed thesis provided for this setup.

Price Action Overview: PILANI INVS has completed a classic Cup and Handle pattern that developed over the last 7 months. The rounded bottom structure indicates a lengthy accumulation phase after a prolonged downtrend. The recent “handle” pullback was shallow and short-lived, hinting at minimal distribution pressure and strong buyer interest near the neckline. Today's sharp breakout candle has decisively crossed the neckline with a large-bodied bullish bar. The broader shape indicates a textbook breakout setup with continuation potential, especially considering the prior correction was deep and now met with higher timeframe breakout dynamics. Candlestick Behavior: The breakout bar is wide-ranged, supported by a clean bullish marubozu-type body. Previous few candles showed tight consolidation, forming a handle just below resistance, which adds validity to the breakout. No supply wicks visible on the breakout day suggest clear control by buyers. Volume Analysis: A significant volume surge accompanies the breakout—one of the highest in recent weeks— confirming conviction. Volumes during the handle phase were declining, aligning well with classical cup-and-handle behavior. 2. Crucial Support and Resistance Levels Support Zones: ₹5,450–₹5,500: Former neckline turned immediate support; critical for sustaining breakout. ₹5,100: Mid-handle consolidation pivot. ₹4,650: Handle low; pattern failure zone if breached. Resistance Zones: ₹6,250: Round number psychological resistance and projected near-term move. ₹6,900–₹7,000: Visual chart projection from cup depth extension (measured move). ₹8,200: Long-term previous high visible in the extended range—potential extended target zone. 3. Strategic Trade Scenarios 🔸 Cup Breakout Continuation Setup: A sustained move above ₹5,600 backed by volumes >100K indicates follow-through. If price holds above this zone for 2–3 sessions, measured move targets open up toward ₹6,250–₹6,900 based on the pattern’s depth. 🔹 Retest & Pullback Scenario: If the price pulls back toward ₹5,450–₹5,500 with low volume and forms a bullish reversal candle (like a hammer or bullish harami), it may offer a fresh entry opportunity. Breakdown below ₹5,100 could delay momentum or signal pattern failure.

No detailed thesis provided for this setup.

Price Action Overview: NAVINFLUOR has been consolidating inside a well-defined rectangle range for over four years, bounded between ~₹3,050 and ₹4,950. The current price is testing the upper resistance of this multi-year range after a sharp leg up from the ₹3,200 zone in early 2024. This retest of resistance comes on the back of higher lows and progressively bullish candles —indicating pressure buildup against the upper ceiling. The rectangular range is indicative of a broad accumulation/distribution phase. Given the recent bullish structure and volume expansion, the bias slightly favors a bullish breakout if resistance is breached convincingly. Candlestick Behavior: Last few weekly candles show consistent higher closes and minimal upper wicks, which reflect steady buying. However, this week’s candle is a minor rejection bar near resistance— needs confirmation next week. Volume Analysis: Volume has been expanding gradually since the base near ₹3,200, and recent bars show strong volume on up weeks. A decisive breakout above ₹4,950 accompanied by further volume expansion would confirm the breakout from the multi-year base. 2. Crucial Support and Resistance Levels Support Zones: ₹4,400: Intermediate support from last breakout structure. ₹4,050: Midpoint of the rectangle, recent price congestion. ₹3,050: Lower boundary of the rectangle and long-term floor. Resistance Zones: ₹4,950: Rectangle top; key breakout trigger level. ₹5,300–₹5,450: Projected post-breakout target zone based on measured move (rectangle height added). ₹6,000+: Psychological milestone if up-move sustains over medium term. 3. Strategic Trade Scenarios 🔸 Multi-Year Breakout Continuation Setup: If price closes above ₹4,950 on a weekly basis with volume exceeding 800K–1M, it would validate a clean rectangle breakout. Post-breakout price projection opens toward ₹5,300– ₹5,450. Higher timeframe breakout often leads to multi-quarter trends. 🔹 Range Rejection Setup: If price fails to sustain above ₹4,950 and starts forming reversal candles (like a shooting star or bearish engulfing), then a retracement back to ₹4,400 or even ₹4,050 is likely. Breakdown below ₹4,050 would shift short-term bias to neutral/bearish.

No detailed thesis provided for this setup.

Price Action Overview: JM Financial has been trading within a large rectangle consolidation since 2016, oscillating between approximately ₹58 on the lower end and ₹172 on the upper end. The recent surge has brought the stock back near the upper boundary of the rectangle after multiple years of basing. The current upward momentum suggests a potential breakout attempt from this long-term congestion zone. The latest candle is a strong bullish bar with elevated volume and a close near the weekly high—showcasing conviction buying. Candlestick Behavior: The last two weekly candles show strong real bodies with consecutive higher closes, breaking above mid-range resistance around ₹115. There’s strong momentum and price thrust toward the top boundary. Volume Analysis: Volume has expanded significantly over the past few weeks—well above the 6-month average—confirming increased institutional participation. A sustained breakout above ₹172 with volume >100M could mark a major structural shift toward trend resumption. 2. Crucial Support and Resistance Levels Support Zones: ₹130–₹125: Immediate pullback support; zone of last breakout and previous highs. ₹100: Psychological and structural midpoint of the rectangle. ₹58–₹60: Long-term base; key invalidation zone if price fails. Resistance Zones: ₹172–₹174: Rectangle top and breakout trigger level; tested thrice previously. ₹191.60: 2017 high; post-breakout extension resistance. ₹215: Measured move target if breakout sustains. 3. Strategic Trade Scenarios 🔸 Breakout Continuation Setup: A weekly close above ₹172 with follow-through and volume confirmation could lead to a multi-month rally. Pattern targets suggest a potential move toward ₹215 and beyond, backed by rectangle height projection. 🔹 Rejection & Pullback Scenario: Failure to cross ₹172 may result in a retest of ₹130–₹125 zone. Breakdown below ₹100 would re-confirm the range and shift focus back toward the lower band around ₹60.

No detailed thesis provided for this setup.

Price Action Overview: NYKAA is in the advanced stages of forming a Cup and Handle pattern post a prolonged downtrend and multi-quarter base. The larger cup base spans nearly two years, followed by a shallow handle forming over the last several weeks. This handle structure shows minor pullbacks with higher lows, indicating absorbing supply. The stock is approaching its neckline at ₹227.36, a significant horizontal resistance aligned with previous rejection highs from Jan–Feb 2024. Price is coiling upward in anticipation of a breakout attempt, with healthy structure and narrowing ranges. Candlestick Behavior: Recent candles are showing strong real bodies and higher weekly closes. The latest candle is red but closes higher than the previous swing low, suggesting profit booking without full trend reversal. Volume Analysis: There is visible volume expansion during the right side of the cup and renewed interest during the handle formation. Spike volumes near resistance indicate growing institutional activity. A breakout above ₹227 with 60M+ volume would validate the bullish structure. 2. Crucial Support and Resistance Levels Support Zones: ₹196–₹192: Minor swing zone inside the handle—short-term reference level. ₹174: Bottom of the handle; any breakdown here negates pattern. ₹114: Multi-year base low; invalidation zone for broader structure. Resistance Zones: ₹227.36: Cup and Handle neckline; breakout trigger point. ₹255–₹265: Historical gap zone and early post-IPO supply zone. ₹295+: Pattern target projection based on cup depth. 3. Strategic Trade Scenarios 🔸 Breakout Continuation Setup: A breakout above ₹227.36 with strong volume and wide candle range may trigger a long- term reversal with a projected target near ₹295. Confirmation will require sustained close above resistance with rising OBV and follow-through. 🔹 Handle Breakdown Setup: If price fails near ₹227 and breaks below ₹192–₹174 handle zone with rising bearish volume, the setup weakens. Price may revisit ₹155–₹140 before any base rebuild. The structure would shift from bullish continuation to failed breakout risk.