SARLAPOLY
SARLAPOLY - Cup & Handle Breakout With Fibonacci Confluence📊 SARLAPOLY – Cup & Handle Breakout with Fibonacci Confluence
🕰️ Timeframe: 1D | 📐 Pattern: Cup Formation + Trendline Breakout
🔍 Technical Overview:
SARLAPOLY has completed a Cup pattern and given a strong breakout above the descending trendline resistance, accompanied by a massive volume spike.
The breakout aligns well with the 61.8% Fibonacci retracement level (~₹100.94), increasing confidence in the breakout's validity.
🔑 Key Technical Levels:
🔵 Resistance / Upside Targets:
₹117.88 (Fib 78.6%)
₹120.00
₹123.68
₹125.00
₹127.90
₹132.25 (100% Fib retracement)
🔴 Support Zones:
₹101.13 (recent breakout level / Fib 61.8%)
₹94.66 (previous resistance zone – now support)
₹91.27 (Fib 50%)
₹69.07 (23.6% Fib + structure support)
📊 Volume & Indicators:
📈 Breakout Volume Surge – Volume confirmation indicates institutional interest and breakout strength.
🧮 Fibonacci Retracement – Plotted from swing low (₹50.30) to swing high (₹132.25), gives clear confluence zones.
🔺 Trendline Breakout – Downward sloping trendline broken cleanly, confirming bullish intent.
☕ Cup Formation – Classic rounding bottom visible, suggesting accumulation phase is complete.
🧠 Bias: Bullish
📉 Watch for a retest around ₹100–₹101 zone as a potential re-entry point with SL below ₹94.66 for positional swing.
⚠️ Disclaimer: This is an educational analysis and not financial advice. Always do your own research before making investment decisions.
📈 Follow @PriceAction_Pulse for more price action setups, breakout alerts, and swing trade ideas!
💬 Comment below if you’re watching SARLAPOLY for the next leg up 📊
Sarla Poly - Low Risk SetupCMP 98.42 on 17.01.25
Since March 2024, the stock has been moving in a parallel channel-like pattern. This time touched the lower edge of the channel and showed a bounceback too. If the momentum continues, it may go to 105/120 or even more depending on the conditions.
MACD is showing a likely reversal too.
If it sustains below 88, the setup will go weak.
This illustration is only for learning and sharing purposes, not buying or selling advice. Please do your research before making any trades.
All the best.
SARLAPOLY By KRS Charts27th Nov 2024 / 3:30 PM
Why SARLAPOLY ❓
1. Stock was Stuck under 80 Rs. Resistance since many Years and this year in May it broke the resistance and sustained above 80 Rs. 📈
2. Fundamentally Good company with less than 15 P/E. 💪
3. With Accumulations on Higher TFs SARLAPOLY is making Cup & Handle Pattern. ☕
4. As we discuss it already Broke 80 Rs. Range and recently it retests too on same resistance this makes my conviction strong on this 💪
5. Today giving 15 % Upside move with Strong Volume is confirmed Entry.
✅
Target is expected 145 Rs in Medium to long Term
With SL of 78 Rs 1W Closing basis.
SARLAPOLY CAN BE PUMPED STRONGLY...SARLAPOLY (Sarla Performance)
About the company
Sarla Performance Fibers Limited is engaged in the manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread
Weekly Chart Pattern
Setup..
cmp 50.45
any dip upto 45 can be bought
For targets🎯 55 / 57 / 60+
Above 60 it would be a inverted head and shoulders breakout
Breakout Targets🎯 64 / 70 / 77 / 82 / 87+++
Looking at Monthly Charts now....
We can see a bigger inverted head and shoulders pattern on monthly chart
Hence, If sustains above 90...
We can see a fresh breakout...
For targets🎯 95 / 100 / 110 / 115 / 121 / 129 / 135 / 141 / 150++
WCBSL can be taken as 30
Tecnical Analysis...
1) Formation in progress of..Inverted head and shoulders pattern on Weekly as well as Monthly charts...
2) Volume addition
3) At good and strong numbers
Regards..
Keshav Jain..
26/11/2023
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
MACD CROSSOVER - Double Digit Stock - SARLAPOLY📊 Script: SARLAPOLY
📊 Sector: Textiles
📊 Industry: Textiles - Spinning - Synthetic / Blended
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Right now RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 98.50
🟢 Target 🎯🏆 - 111
⚠️ Stoploss ☠️🚫 - 92
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Near All time high1. On the verge of breakout with decent volumes.
2. Base formation
3. Near all time high.
Keep Learning,
Keep Trading.
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation.
Please consult with your financial advisors before making any investment decisions.
Sarla Poly - An OpportunityThe stock has taken a support again on the trendline shown on the charts. and given a reversal. If momentum begins on the upside, this can be a good positional trade with a good risk reward.
All levels are mentioned on the charts.
This illustration is only my view, not a piece of trading advice in any form. This is only for learning and sharing purposes.
All the best.
SARLAPOLY : Breakout Stock#breakoutstock #SARLAPOLY #patterntrading #inverseheadandshoulder
SARLAPOLY : Weekly (1-3 Months)
>> Breakout Stock
>> Trending Setup
>> Inverse H&S pattern
>> Good Strength & Volume buildup
>> Low Risk, High Reward
Swing Traders can lock 10% profit & keep trailing
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Time for a reversal?Chart -> SARLAPOLY Daily
After a long trend of lower highs and lower lows, it made a higher low and broke a higher high this time. Time for a reversal?
CMP: 45.85
Good Range To Buy: 43 to 46
Targets: 50, 55, 60, 70
SL: 40 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.