RELINFRA | Cup and Handle | Breakout | Good volume | Risky

**Stock:** RELIANCE INFRASTRUCTURE LTD (RELINFRA)
**Chart Type:** Weekly chart
**Pattern:** Cup and Handle formation

✅ **Key Technical Highlights:**

* The stock has formed a classic cup and handle pattern on the weekly timeframe, indicating a potential long-term breakout.
* The breakout level (resistance) is around ₹323.
* Price has successfully broken out above this level, confirming the breakout.

✅ **Measured Target:**

* The measured move suggests a price target of approximately ₹638, implying a near 100% upside from the breakout level.

✅ **Volume Confirmation:**

* A noticeable surge in volume during the breakout phase suggests strong buying interest and validates the breakout.

✅ **Key Support Level:**

* The breakout level at ₹323 now acts as immediate support.

✅ **Overall View:**

* The breakout above ₹323, accompanied by good volume, suggests a high probability of further upside towards the target of ₹638. Traders may consider a risk management plan with stop loss below the breakout level to manage potential reversals.

Risky bet, as it is not a good fundamental company.