IRB INFRA: Cup & Consolidation BreakoutIRB INFRA DEV LTD.NSE:IRBjeet20🔍 Chart Analysis The stock formed a textbook cup pattern, indicating accumulation after a long downtrend and also given 200 EMA breakout. After forming the rounded base, it entered a tight consolidation range (highlighted in blue). Today, the stock broke out of this range with strong bullish momentum and rising volume. Immediate support lies at ₹49.25, the base of the consolidation box. Next major hurdle: Strong resistance at ₹60.52, which aligns with a previous swing top. 📈 Why This Setup Looks Promising Cup and handle patterns often precede major upward moves, especially when breakouts happen with volume. Breakout from consolidation confirms bullish interest near ₹53 zone. The stock has already corrected about 47% from its all-time high, offering a potential value opportunity if trend reversal sustains. 🎯 Levels to Watch Support: ₹49.25 Resistance: ₹60.52 Breakout Confirmation Zone: ₹53.00–₹54.00 ⚠️ Disclaimer This is not investment advice. Please do your own research or consult your financial advisor before taking any position. The market is subject to risk and uncertainty.