GPIL - Cup & Handle Breakout | Daily Chart

📊 GPIL – Cup & Handle Breakout with Explosive Volume | RSI > 80
📅 Chart Date: August 24, 2025
📍 CMP: ₹238.61 (+6.91%)
📈 Symbol: NSE:GPIL | 1D Timeframe

🔍 Technical Analysis
☕ Cup & Handle Breakout
A multi-month Cup & Handle pattern has been completed.
Price gave a strong breakout above the neckline zone ₹206.81.
Next supply zone is around ₹236–₹240, which is being tested.

💥 Volume Confirmation
Relative Volume (RVol): 842% 🔥
Today’s volume 19.25M vs avg 3.2M — heavy institutional buying.
📈 RSI (14, close): 81.05
Stock is in the overbought zone, indicating strong momentum.
Short-term pullback possible, but trend remains bullish above breakout.

📌 Key Levels
Breakout Zone (Support): ₹206.81
Immediate Resistance: ₹236–₹240
Next Target Levels: ₹260 / ₹280
Stoploss for Swing Traders: ₹200

Entry on Retest: ₹210–₹215
Stoploss: ₹200
Targets: ₹260 / ₹280

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

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