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

260
๐Ÿ“ˆ 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 โ‚น1,474.5 with a clean candle and strong volume could trigger a positional move.

๐Ÿ” Technical Overview

โœ… Structure: Weekly Cup & Handle formation in progress

โœ… Currently consolidating within the handle

โœ… Trading above key DMAs

โœ… Volume is still dry โ€“ wait for a volume spike to confirm the breakout

โœ… Sector showing strength โ€“ tailwind in favour

๐ŸŽฏ Levels to Watch

๐Ÿ“Œ Entry Above โ‚น1,474.50 (Breakout Confirmation)
๐Ÿ›ก๏ธ Stop Loss โ‚น1,146.10 (22.3%)
๐ŸŽฏ Positional Target To be updated post-breakout (1:2 R:R base)

โš–๏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

๐Ÿง  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.

๐Ÿ“‰ Disclaimer:

This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage your capital wisely.

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.