Venus Remedies – Momentum Intact After Cup & Handle Breakout

The stock is showing a well-structured price development on the weekly timeframe, supported by strong momentum characteristics.

Structure Overview
• Price remained in a prolonged consolidation phase, forming a clear cup & handle pattern
• A decisive breakout from this structure signaled the start of momentum
• Post-breakout, the stock underwent a brief consolidation, indicating healthy price action

Recently:
• Price has broken out again, supported by strong volume participation
• The stock is now trading just below its all-time high zone

Key Observations
• Classical cup & handle formation on higher timeframe
• Breakout followed by controlled consolidation (no sharp reversal)
• Renewed breakout with volume support
• Price sustaining near highs, indicating strength in trend

What to Watch
Sustaining above the recent breakout zone could lead to further trend expansion, while near-term consolidation around current levels would still keep the structure constructive.