Vishal Mega Mart Ltd (VMM) Cup and Handle BO with good volume

The chart you've provided is a **cup and handle breakout pattern** for *Vishal Mega Mart Ltd (VMM)*, which is a classic bullish continuation pattern in technical analysis.

### Key Observations:

1. **Cup and Handle Formation**:
- The "cup" part of the pattern formed over February to mid-April.
- The "handle" formed shortly after and broke out with a strong bullish candle on April 30.

2. **Breakout Details**:
- Breakout above the resistance zone of **₹113.50–₹117.41**.
- The stock closed at **₹118.48**, up **10%** on high volume—indicating strong buying interest.

3. **Price Target Projection**:
- Depth of the cup is approximately **₹17.56**.
- Projected target from breakout point (₹117.41) is around **₹127.50**, which is also marked on the chart.

4. **Volume Confirmation**:
- Significant volume spike on the breakout day supports the validity of the breakout.

### Summary:
This breakout is a bullish signal, and the target is around **₹127.50**, as long as the price sustains above the **₹113.50** support zone. A retracement to retest this breakout zone is possible, but the pattern remains valid unless it breaks below this support.