GAIL | Cup and Handle | Breakout | Daily

### 🏺 **Pattern Overview:**

✅ **Cup and Handle Breakout:**

* **Cup bottom:** \~₹152.51
* **Handle breakout level:** ₹196.00 (recently crossed)
* **Current price:** ₹200.09

The **measured move** (height of the cup) suggests a **target price of ₹240.50**.

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### 📊 **Key Chart Levels:**

* **Resistance/Target:** ₹240.50–₹246.30
* **Immediate support:** ₹196.55 (breakout level)
* **Volume surge:** Volume picked up on breakout – strong confirmation.
* **RSI:** Clear breakout of downtrend line (marked in yellow), indicating momentum shift.

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### 🔍 **What’s Next?**

* If price holds above ₹196.00, the move towards ₹240.50 is probable.
* A retest of ₹196.00 (handle breakout level) can be an opportunity for confirmation.

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### 💡 **Key Takeaway:**

GAIL has completed a **Cup & Handle breakout** pattern. The breakout is confirmed with price and volume action, and RSI supporting strength. A medium-term target of **₹240.50–₹246** is on the cards.

Would you like me to draft a **video script** or **write-up** for these insights? Let me know! 🚀