Nifty 50 – Cup & Handle Breakout Formation on Radar

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Nifty 50 – Cup & Handle Breakout Formation on RadarNifty 50 IndexNSE:NIFTYTrendxincNifty 50 – Cup & Handle Breakout Formation on Radar NIFTY 📈 Pattern & Setup: The Nifty index is shaping a beautiful Cup and Handle pattern — one of the most powerful continuation structures in technical analysis. The broader cup has been forming since September last year, showing a long accumulation phase where smart money kept absorbing supply. The recent price action is forming the handle part — a short, controlled pullback after the recovery from 23,800 levels. Buyers are steadily returning, and the index is coiling just below the neckline around 25,200–25,300. A breakout above this zone could set the stage for a move toward 28,700. 📝 Trade Plan: ✍Entry: Above 25,300 (breakout confirmation) 🚩Stop-Loss: 24,850 (below handle low) 🎯Targets: Target 1 → 26,400 Target 2 → 28,700 (12.7% potential move) 💡 Pyramiding Strategy: 1. Enter with 60% position on breakout above 25,300 2. Add remaining 40% above 25,700 with strong volume 3. Trail stop-loss to 25,000 once price sustains above 26,000 🧠 Logic Behind This Setup: The Cup & Handle reflects long-term bullish sentiment gradually resurfacing after a correction. Volume behavior has been textbook — declining during the base formation and increasing during the right-side recovery. With momentum returning, a breakout above the neckline could confirm the next leg of the primary uptrend. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.