Jasarena2022
Long

CUPID LTD. SPOT POSITIONAL VIEW

NSE:CUPID   CUPID LTD(INDIA)
CUPID LTD (SPOT) Made double bottom pattern. If it break neckline it may rally for level -299/325/349.
view negated below - 239 (Day Closing Basis).

Fundamentals-
1. Repeated consumption business
2. Expecting good quarter
3. Maintaining healthy dividend payout of 26.48%
4. Profit growth and ROE is also very attractive.
Trade closed: target reached: Made High - 296++
JASARENA TRADING DESK

Comments

Cup and handle breakout...
Reply
Jasarena2022 ilumansuri
@ilumansuri, Yes But not perfect cup with Handle pattern. this is double bottom pattern.
Reply
ilumansuri Jasarena2022
@Jasarena2022, thanks for correcting me...☺️
Reply
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