SHYAMMETL & RPSGVENT - Cup & Handle Breakout!!SHYAMMETL
Following an upward trend, the stock price encountered resistance around the 740 level, resulting in a correction that brought the price down to the 530 level, where it established support.
Subsequently, the price entered a consolidation phase before successfully breaking through its trendline resistance.
With a surge, the stock price climbed back to its previous resistance level but faced rejection once more.
After a period of consolidation just below this resistance level, the price ultimately broke out with significant volume support.
During this time, a cup & handle pattern emerged, and with this breakout, that pattern was also surpassed.
If the price can hold above this breakout point, we could witness another rally in the days ahead.
RPSGVENT
After a tough rejection around the 840 level, the price started to decline.
Once it successfully broke through the trendline resistance, the stock price jumped back to its earlier resistance level but was rejected again.
After a period of consolidation just beneath that resistance level, the price has finally made a breakthrough recently, supported by substantial volume.
A cup and handle pattern formed during this period, and with the breakout, that pattern was also exceeded.
If the price remains above this breakout level, there could be more upward movement.
