FEDERALBNK – Cup & Handle Pattern Outlook

448
Cup formation: ~₹214 (peak) → ₹174 (base) → recovery to ~₹200
Handle: Currently consolidating between ₹188.83–₹198.66
CMP: ₹194 (inside the handle zone + Bullish Order Block)

Key Levels to Watch:
  • ₹187.13 Old BOS; support base for cup
  • ₹188.83–₹192.02 Bullish Order Block
  • ₹194.14 CMP: mid-handle, decent entry zone
  • ₹198.66 BOS zone – handle breakout confirmation
  • ₹204.69 Minor resistance (Bearish OB)
  • ₹207.23 Structural Breakout level
  • ₹214 Full pattern projection (depth-based target)

Strategy Plan (Post-Handle Breakout):

Entry Trigger: Break and close above ₹198
Entry Range: ₹198–₹200 (confirmation zone)
Target 1: ₹207.23
Target 2: ₹214 Full pattern projection (depth-based target)
Stop Loss: Below ₹192 (tight) or ₹188.50 (safe, below OB)

Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any securities. Please do your own research or consult a financial advisor before making any trading decisions.

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