CUPID LTD (NSE) is displaying a strong bullish trend, as reflected in the Multi-Indicator Trading Dashboard. The stock recently broke out of a long consolidation, and technical indicators show:
• RSI: 83.79 (Overbought zone, signal: Sell)
• MACD & ADX: Both indicate continued buying strength
• Volatility: 3.71% (Medium)
• Trend: Strong Bullish
Price action has exceeded the 1.13 and 1.272 Fibonacci extension levels, currently testing resistance near ₹158. Short-term targets are ₹166.33 and ₹174.31, with a major resistance at ₹186.62. However, overbought RSI suggests caution and potential for some profit booking or retracement.
Key levels to watch:
• Support: ₹157.23
• Resistance: ₹166.33, ₹174.31, ₹186.62
Traders may consider booking partial profits or trailing stops, while momentum traders can look for further breakout opportunities above resistance levels.
Please do your own analysis before any trade. This is not investment advice.
• RSI: 83.79 (Overbought zone, signal: Sell)
• MACD & ADX: Both indicate continued buying strength
• Volatility: 3.71% (Medium)
• Trend: Strong Bullish
Price action has exceeded the 1.13 and 1.272 Fibonacci extension levels, currently testing resistance near ₹158. Short-term targets are ₹166.33 and ₹174.31, with a major resistance at ₹186.62. However, overbought RSI suggests caution and potential for some profit booking or retracement.
Key levels to watch:
• Support: ₹157.23
• Resistance: ₹166.33, ₹174.31, ₹186.62
Traders may consider booking partial profits or trailing stops, while momentum traders can look for further breakout opportunities above resistance levels.
Please do your own analysis before any trade. This is not investment advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.