DEEPAKFERT โ Classic Cup & Handle Setting Up on the Weekly Chart

๐ DEEPAKFERT โ Classic Cup & Handle Setting Up on the Weekly Chart
A potential Cup and Handle pattern is forming on the weekly timeframe.
The stock is currently consolidating in the handle zone. A breakout above โน1,474.5 with a clean candle and strong volume could trigger a positional move.
๐ Technical Overview
โ Structure: Weekly Cup & Handle formation in progress
โ Currently consolidating within the handle
โ Trading above key DMAs
โ Volume is still dry โ wait for a volume spike to confirm the breakout
โ Sector showing strength โ tailwind in favour
๐ฏ Levels to Watch
๐ Entry Above โน1,474.50 (Breakout Confirmation)
๐ก๏ธ Stop Loss โน1,146.10 (22.3%)
๐ฏ Positional Target To be updated post-breakout (1:2 R:R base)
โ๏ธ Strategy & Risk Management
SL is deep due to volatile broader market โ shakeouts are common
Risk management & position sizing is crucial here
Consider gradual accumulation rather than full entry at once
Trade as per your style โ high reward setups also come with structure-based risks
๐ง Final Note:
This is a positional setup, not a short-term sprint.
Let the pattern mature and watch for a decisive breakout with strong volume confirmation.
๐ Disclaimer:
This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage your capital wisely.
A potential Cup and Handle pattern is forming on the weekly timeframe.
The stock is currently consolidating in the handle zone. A breakout above โน1,474.5 with a clean candle and strong volume could trigger a positional move.
๐ Technical Overview
โ Structure: Weekly Cup & Handle formation in progress
โ Currently consolidating within the handle
โ Trading above key DMAs
โ Volume is still dry โ wait for a volume spike to confirm the breakout
โ Sector showing strength โ tailwind in favour
๐ฏ Levels to Watch
๐ Entry Above โน1,474.50 (Breakout Confirmation)
๐ก๏ธ Stop Loss โน1,146.10 (22.3%)
๐ฏ Positional Target To be updated post-breakout (1:2 R:R base)
โ๏ธ Strategy & Risk Management
SL is deep due to volatile broader market โ shakeouts are common
Risk management & position sizing is crucial here
Consider gradual accumulation rather than full entry at once
Trade as per your style โ high reward setups also come with structure-based risks
๐ง Final Note:
This is a positional setup, not a short-term sprint.
Let the pattern mature and watch for a decisive breakout with strong volume confirmation.
๐ Disclaimer:
This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage your capital wisely.
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.