Cup & Handle in Jamna AutoJamna Auto Industries LimitedNSE:JAMNAAUTOTechnicalAnalystSucritThis technical analysis chart from TradingView maps out a major multi-year macro structural study for Jamna Auto Industries Limited (JAMNAAUTO) on the National Stock Exchange (NSE). The chart highlights a massive Cup and Handle Reversal Pattern testing a crucial multi-year resistance line, indicating a structural shift from long-term accumulation to potential bullish expansion. 1. Structural Pattern & Architecture • The Macro Cup and Handle Base: • The chart traces a deep, rounding structural bottom spanning from mid-2024 through early 2026 to form the "Cup" profile. This successfully exhausted secular selling pressure near the ₹70 absolute floor. • The subsequent shallow correction and consolidation from February 2026 to August 2026 traces out the "Handle" accumulation layer, establishing a powerful higher-low swing structure. • The Multi-Year Breakout Resistance: The yellow horizontal line explicitly highlights the critical "2024 breakout level". The current weekly candle is aggressively pushing right into this multi-year ceiling. 2. Live Technical Levels & Thresholds • Active Market Price: The stock is trading firmly at ₹145.60, showcasing an active positive session expansion bar up +1.21% on the day. • Daily High Ceiling: Marked directly at ₹146.39, which is currently being tested by the active candle's upper shadow. • Daily Low Floor: Formed at ₹140.77, defining the immediate intraday demand cushion. • Macro Upside Target (Weekly High): Projected cleanly at ₹154.00 right above the horizontal breakout zone. 3. Indicator Confluence & Sentiment • Dynamic Ribbon Support: The underlying blue Exponential Moving Average (EMA) line has crossed back below the price action, serving as a dynamic trailing support floor for the current upward leg. • Trend Confirmation: The white structural peak-and-trough indicator lines confirm that the handle consolidation has concluded. A successful weekly close above the ₹146.39 horizontal barrier will mathematically trigger a massive breakout continuation toward historical peaks. Would you like me to build a copy-paste friendly trade journal entry for this setup, or calculate the exact risk-to-reward ratios based on the ₹140.77 daily low as your stop-loss baseline?