Cup and Handle Breakout in THOMAS COOK (INDIA) LTD

THOMAS COOK (INDIA) LTD is showing a classic Cup and Handle breakout pattern on the daily chart.

🔍 Chart Highlight

Breakout from the Cup's rim around ₹169.93 level.

Strong bullish candle with +7.61% gain, backed by higher volume.

Price sustained above the 200 EMA (₹163.85).

Next potential resistance: ₹197.29, a previous swing high.

Levels to Watch:

Support Zone: ₹163.85 – ₹169.93 (200 EMA + breakout retest zone)

Resistance Zone: ₹197.29 (next swing high)

If the price retests and holds above ₹169.93, it could offer a good risk-reward opportunity with ₹197+ as the near-term target. Keep an eye on volume and any pullback toward the breakout zone.

⚠️ Disclaimer:
This idea is for educational purposes only and not financial advice. Please do your own research or consult your financial advisor before making any trading decisions. Markets carry risk — trade wisely!