Breakout from cup and handle pattern

Grasim Cup and Handle Breakout Setup
Grasim is forming a classic Cup and Handle pattern on the daily chart.

✅ Breakout Level: 2790

🛑 Stoploss: Below 2650 (handle low)

🎯 Target Zone: 3290 (based on depth projection and prior highs)

Pattern Logic:

Rounded cup base indicates accumulation

Handle pullback was shallow with declining volume

Breakout attempt with volume surge

Price above 20 EMA & 50 EMA

RSI > 55 and MACD nearing bullish crossover