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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 📊
NSE:SARLAPOLYLong
by PriceAction_Pulse
8
Godfrey Phillips India Limited - 1D - Breakout Pattern: A cup and handle formation is visible, suggesting a potential breakout. • Trendlines: Two white downward trendlines indicate previous resistance levels, with the price recently breaking above them. • Breakout: The latest price action shows a breakout above resistance around ₹7,107, which could indicate a bullish move. • Volume: The volume bars at the bottom show increasing volume, confirming the breakout. Indicators: • RSI (Relative Strength Index) Indicator (Bottom Panel): • The red line (72.00) represents the RSI value. • The yellow-green line (60.61) likely represents a moving average or signal line. • The RSI above 70 suggests the stock is gaining relative strength and could be in an overbought zone. Resistance Levels: 1. ₹7,100 - ₹7,150 (Breakout Zone) → The stock has recently broken above this resistance. A successful retest and hold above this level could confirm further upside. 2. ₹7,600 - ₹7,700 → Next key resistance from previous highs (potential target if the breakout sustains). 3. ₹8,000+ (All-Time High Zone) → If momentum continues, this could be a longer-term target. Support Levels: 1. ₹6,800 - ₹6,850 (Breakout Retest Level) → If the price pulls back, this level should act as strong support. 2. ₹6,400 - ₹6,500 (Psychological & Trendline Support) → Below this is the next strong support from past price action and trendline. 3. ₹6,000 (Major Support Zone) → A breakdown below this could invalidate the bullish trend.
NSE:GODFRYPHLP
by PriceAction_Pulse
4
SBINWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:SBINLong
by Rvkachhadiya