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SUPRIYA

SUPRIYA - CUP & HANDLE PATTERN BREAKOUT ON DAILY CHARTThe chart of Supriya lifescience shows a Cup and Handle pattern, a bullish continuation pattern suggesting the stock is poised for further upward momentum. Here's a detailed analysis: Prior Uptrend: The stock has displayed a strong uptrend leading into the pattern, which is essential for validating the Cup and Handle formation. This indicates bullish sentiment. Cup Formation: The rounded cup spans approximately 9 weeks, representing a phase of consolidation where sellers lose momentum, and buyers gradually regain control. The curve shows a smooth decline and recovery, signaling accumulation by strong hands. Handle Formation: After the cup's peak, a short-term consolidation below the resistance level forms the handle. This handle allows weaker holders to exit, reducing overhead supply and preparing for a potential breakout. The handle appears relatively shallow, which is considered a bullish sign. Breakout: The breakout above the resistance line occurs with a noticeable spike in volume, confirming buying interest and signaling the beginning of a new upward trend. High volume during the breakout adds credibility to the pattern. Target Calculation: The projected upside is calculated by adding the depth of the cup to the breakout level. Key price targets post-breakout are ₹744, ₹807, ₹850, and ₹900, marking significant Fibonacci or psychological resistance levels. Volume Analysis: During the breakout, volume surged significantly, validating the breakout strength. Declining volume during the handle phase further supports the pattern's reliability. Risk Management: A stop-loss can be placed below the handle support, around ₹645–₹650, to manage risk in case of a failed breakout.
NSE:SUPRIYALong
by Profit_Trader25
Supriya Lifescience Ltd - Breakout Setup, Move is ON...#SUPRIYA trading above Resistance of 601 Next Resistance is at 868 Support is at 437 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUPRIYALong
by MandeepSinghKohli
2
Bullish Inverted Head & Shoulder breakoutA Bullish Breakout of Inverted Head and Shoulder pattern is visible on the Daily chart of NSE:SUPRIYA MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
NSE:SUPRIYALong
by raigvivek