#Nifty Weekly Outlook – Cup & Handle in Focus!

CMP: 25,285
Primary Trend: Uptrend (Bullish Bias)

🔽 Support Zones
• 25154 – 25084
• 24858 – 24768
• 24588 (Major swing support)

🔼 Resistance Zones
• Immediate Resistance: 25424 – 25449
• Next Hurdles: 25638 – 25669
• Key Breakout Level: 26179 – 26277.35 (ATH)

Pattern: Cup & Handle ☕️

A classic Cup & Handle pattern is forming on the weekly timeframe, following a strong uptrend, which is a bullish continuation setup.

• 🧭Neckline breakout (sloping white trendline) is the key trigger.
• 🎯 Target Projection: ~29,500 (~16% upside potential post-breakout)

🔒 Pattern Invalidation Level
• Weekly close below 24,337 negates the pattern.

⏳ Awaiting Breakout Confirmation
• A weekly close above the neckline with solid volume will confirm the breakout.
• Until then, price remains in a healthy consolidation.
✅ Dips into support zones can be used for positioning, with proper risk management.

#Nifty | #Nifty50 | #CupAndHandle | #ChartPatterns | #SwingTrading | #PriceAction

📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.