SHREE PUSHKAR CHEMICALS – Cup & Handle + VCP Breakout Setup |

Jul 27

Technical Structure:

SHREE PUSHKAR CHEMICALS is forming a high-quality breakout setup on the daily chart, combining both a Cup & Handle pattern and a Volatility Contraction Pattern (VCP) within the handle zone.
Cup & Handle base formation extending from Nov 2023 to Jul 2025
Mini VCP within handle, showing tight range contraction, signaling institutional accumulation.
Ascending trendline support holding firm, along with the 9 EMA.
Volume contraction during each pullback
A confirmed breakout above ₹378 with volume can trigger a strong upside continuation.
Volume has steadily contracted across the handle, especially during pullbacks
Current price is tightening just under the breakout zone — ideal for a low-risk entry
A decisive breakout on volume >150K will act as a confirmation trigger.

Fundamentals

Market Cap : ₹1,200 Cr (Small-cap room for growth)
P/E Ratio: ~20x Reasonable for specialty chemicals
EPS Growth: 24% YoY Consistent profit improvement
Revenue Growth: 15% YoY Stable.
ROE: ~12% Healthy return metrics
Operating Margin: ~9% Sustainable profitability

This setup reflects strong technical discipline with a clean, low-risk structure. Ideal for swing traders looking for breakouts backed by volume and volatility contraction. Watch closely for confirmation with volume.

Jul 29

Trade active

Target 1 achieved within 2 sessions — solid execution for swing traders!
Now watching for continued momentum or base formation to add or re-enter. Stay alert and trade with plan. More updates coming soon.
If Already Holding Partial profit booked Trail SL to ₹387 (above last consolidation) Hold for next target: ₹420–₹428

Avoid chasing the move if stock gaps up significantly without volume or starts showing upper wicks near ₹405–₹410. Let it retest or form a flag for safer re-entry.

For fresh entry wait for breakout above ₹403–404 on closing basis with volume, target ₹420–₹428 (if price sustain levels).