R.P.P INFRA PROJECTS LTD stock forum
RPPINFRA º Cup & Handle Pattern: The overall structure appears to be a Cup and Handle formation,
which is a bullish reversal pattern.
The price completed the cup recently broken out of the handle formation.
A breakout above the 249-250 level seems to be crucial, signaling strong upward moment um .Resistance Levels: There is a horizontal resistance zone marked around 249-250 levels. The stock has tested this region but has not yet sustained a clear breakout.
The next major resistance is at the 275-280 levels, which may act as a profit-booking zone. Support Levels: Immediate support lies around 195 and 160, which a lighted as MOB (Make or Break) levels on the chart. These are crucial levels where the price could find support if it retraces.
