SPIC | Cup & Handle Breakout with Volume ConfirmationSouthern Petrochemical Industries Corporation LimitedNSE:SPICSachin_Rajput_Bias: Bullish SPIC is breaking out of a textbook Cup & Handle pattern on the daily timeframe. Pattern Details: The cup formed over roughly 7 months (Oct 2025 – May 2026), with price declining from ~₹93 to a low of ~₹56, then recovering back to the rim (~₹73-74). The handle formed as a brief, shallow consolidation just below the rim — exactly how a valid Cup & Handle should look. Breakout Confirmation: Price has broken above the cup's rim (~₹73-74) on strong volume — visible clearly on the volume pane. Volume expanding on the breakout is the critical confirmation signal that separates a real breakout from a false one. Momentum: MACD is curling upward from near the zero line, indicating early-stage momentum shift to the bullish side. Trade Parameters: • Entry Zone: ₹73 – ₹76 (breakout zone) • Target 1: ₹80.79 • Target 2: ₹84.72 • Target 3: ₹93.44 (prior swing high) • Stop Loss: Daily close below ₹68 • Trade Duration: 4 – 8 weeks (swing trade) Invalidation: A daily close back below ₹68 would invalidate the breakout. Note: MAs are still overhead and will act as resistance at each target level. Watch price behaviour at each MA carefully. For educational purposes only. Not financial advice. #SPIC #NSE #CupAndHandle #TechnicalAnalysis #BreakoutTrading #SwingTrading #IndianStockMarket #Education #TradingView