TFCILTD - Massive Cup & Handle Breakout | Daily Chart

7月6日

📊 TFCILTD – Massive Cup & Handle Breakout | Fib 100% Retest | RSI Overbought | Volume Surge | Daily Chart
📅 Chart Date: July 6, 2025
📍 CMP: ₹262.65 (+8.48%)
📈 Symbol: NSE:TFCILTD

🔍 Technical Analysis Summary
☕ Cup & Handle Pattern Breakout
Price broke out above the Cup & Handle neckline near ₹258.50 and hit the Fibonacci 100% extension at ₹262.65.
Clean rounding bottom formation visible, followed by bullish handle and sharp breakout.

📐 Fibonacci Retracement (from swing low ₹93.85 to high ₹262.65)
50.00% – ₹177.02
61.80% – ₹196.65
✅ 100.00% – ₹262.65 (just achieved!)

📈 RSI Indicator (14)
RSI at 78.02, clearly in overbought territory – indicating momentum strength, but a minor pullback is likely.

RSI consistently above 70 for the past few sessions reflects strong trend continuation.

📊 Volume
Volume surged to 4.14M, supporting the breakout. Confirmation of pattern breakout is validated by this volume spike.

🏁 Key Technical Levels
Breakout Zone (Neckline): ₹258.50 ✅
CMP: ₹262.65
Next Resistance: Blue Sky Zone (New Highs)
Support on Retest: ₹258.50 → ₹230.67
Major Support: ₹177.02 (Fib 50%)


💡 Trade Setup Idea
Entry: On breakout confirmation above ₹258.50 or on retest
Stoploss: Below ₹230
Target: Open sky above ₹262 → Trend-following zone

Risk Level: Medium-High (due to overbought RSI)

⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management.

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7月16日

交易结束：到达目标

The first Sky Zone resistance level has been touched.