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Jasarena2022
Aug 22, 2020 4:55 PM

CUPID LTD. SPOT POSITIONAL VIEW Long

CUPID LTD(INDIA)NSE

Description

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