JM FInancial - Breakout Cup and handle pattern - Bullish

JM Financials have shown a consistently rising trend since last 3 months. The script price is likely to achieve targets as marked through the path suggested. The price is satisfying following conditions

1) Price > 50 DMA
2) 9EMA > 50 EMA> 200 EMA indicating rising trend
3) ADX > 25 indicating positive momentum
4) Cup and handle pattern and subsequent breakout has occurred
5) Price above supertrend
6) Targets breakout on Price action resistance, subsequent testing of the support created and onwards rise to the new targets based on Fibonacci are indicated in chart.

This is a academic study and not recommendation to buy / sell.