Cup and Handle Breakout in Prime Securities Ltd

Technical View: PRIMESECU (Prime Securities Ltd.)
Pattern Formation:
• The chart shows a Cup and Handle formation — a strong bullish continuation pattern indicating accumulation before an upside breakout.
• The neckline is placed around the ₹320 level, which acts as a key resistance zone.

Breakout Confirmation:
• The price is attempting to break above the neckline (₹320).
• A daily close above ₹320 with strong volume will confirm the breakout, signaling the start of a potential strong upward move.
Moving Average Setup:
• The stock is trading above the 9-day EMA, indicating short-term strength.
• EMA trend is upward sloping, confirming positive momentum.
Target and Stop-loss (Post-Breakout Scenario):
• Target 1: ₹360
• Target 2: ₹400
• Stop-loss: ₹290 (below handle support zone)
Conclusion:
The stock is showing a classic Cup and Handle breakout setup. A decisive close above ₹320, supported by volume, can lead to a strong upside rally in the coming sessions. Traders should watch for volume confirmation before entering.

Disclaimer: This analysis is for educational purposes only, not a buy/sell recommendation.
#CupAndHandle #StockBreakout #PrimeSecurities