DEEPAKFERT – Classic Cup & Handle Setting Up on the Weekly Chart

📈 DEEPAKFERT – Classic Cup & Handle Setting Up on the Weekly Chart
A potential Cup and Handle pattern is forming on the weekly timeframe.
The stock is currently consolidating in the handle zone. A breakout above ₹1,474.5 with a clean candle and strong volume could trigger a positional move.

🔍 Technical Overview

✅ Structure: Weekly Cup & Handle formation in progress

✅ Currently consolidating within the handle

✅ Trading above key DMAs

✅ Volume is still dry – wait for a volume spike to confirm the breakout

✅ Sector showing strength – tailwind in favour

🎯 Levels to Watch

📌 Entry Above ₹1,474.50 (Breakout Confirmation)
🛡️ Stop Loss ₹1,146.10 (22.3%)
🎯 Positional Target To be updated post-breakout (1:2 R:R base)

⚖️ Strategy & Risk Management

SL is deep due to volatile broader market — shakeouts are common

Risk management & position sizing is crucial here

Consider gradual accumulation rather than full entry at once

Trade as per your style — high reward setups also come with structure-based risks

🧠 Final Note:

This is a positional setup, not a short-term sprint.
Let the pattern mature and watch for a decisive breakout with strong volume confirmation.

📉 Disclaimer:

This is not a buy/sell recommendation. For educational purposes only. Do your own research and manage your capital wisely.