📊 UNIVPHOTO – Cup & Handle Breakout | Strong Volume | RSI Overbought | Fibonacci Confluence | Daily Chart
📅 Chart Date: July 3, 2025
📍 CMP: ₹291.55 (+20.00%)
📈 Symbol: NSE:UNIVPHOTO
🔍 Technical Analysis Summary
✅ Cup & Handle Breakout
Price has broken out above the neckline of the Cup & Handle pattern at ₹258.95 with strong bullish momentum.
Post-consolidation breakout visible with a solid bullish candle.
📊 Fibonacci Retracement Levels (Swing: ₹173.55 to ₹483.90)
23.60% – ₹246.79
38.20% – ₹292.10 ✅ (Price nearing this level – short-term resistance)
50.00% – ₹328.70
61.80% – ₹365.35
78.60% – ₹417.50
100% – ₹483.90 🎯
📈 RSI Indicator (14)
RSI has surged to 77.17, indicating strong momentum but entering overbought territory.
RSI breakout with multiple prior bullish divergences validated the upside move.
📉 Volume
Current breakout supported by above-average volume (256.71K) adds credibility to the move.
🏁 Key Technical Levels
Neckline Breakout: ₹258.95 ✅
Immediate Resistance: ₹292.10 (Fib 38.2%)
Next Targets: ₹328.70 → ₹365.35
Support Levels: ₹258.95 → ₹246.79
Major Swing Low: ₹173.55
💡 Trade Setup
Entry: On breakout confirmation above ₹259
SL: Below ₹246
Short-term Target: ₹292
Mid-term Target: ₹328 → ₹365
Risk Level: Medium (due to RSI overbought – may see retracement)
⚠️ Disclaimer
This chart is for educational and analytical purposes only. Please consult your financial advisor before making investment decisions.
📅 Chart Date: July 3, 2025
📍 CMP: ₹291.55 (+20.00%)
📈 Symbol: NSE:UNIVPHOTO
🔍 Technical Analysis Summary
✅ Cup & Handle Breakout
Price has broken out above the neckline of the Cup & Handle pattern at ₹258.95 with strong bullish momentum.
Post-consolidation breakout visible with a solid bullish candle.
📊 Fibonacci Retracement Levels (Swing: ₹173.55 to ₹483.90)
23.60% – ₹246.79
38.20% – ₹292.10 ✅ (Price nearing this level – short-term resistance)
50.00% – ₹328.70
61.80% – ₹365.35
78.60% – ₹417.50
100% – ₹483.90 🎯
📈 RSI Indicator (14)
RSI has surged to 77.17, indicating strong momentum but entering overbought territory.
RSI breakout with multiple prior bullish divergences validated the upside move.
📉 Volume
Current breakout supported by above-average volume (256.71K) adds credibility to the move.
🏁 Key Technical Levels
Neckline Breakout: ₹258.95 ✅
Immediate Resistance: ₹292.10 (Fib 38.2%)
Next Targets: ₹328.70 → ₹365.35
Support Levels: ₹258.95 → ₹246.79
Major Swing Low: ₹173.55
💡 Trade Setup
Entry: On breakout confirmation above ₹259
SL: Below ₹246
Short-term Target: ₹292
Mid-term Target: ₹328 → ₹365
Risk Level: Medium (due to RSI overbought – may see retracement)
⚠️ Disclaimer
This chart is for educational and analytical purposes only. Please consult your financial advisor before making investment decisions.
Trade closed: target reached
The first resistance level has been touched. If the trend is to continue, it's important to follow a trailing stop-loss strategy and patiently wait for the price to approach the second resistance level.
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.