Senores Pharma: Cup & Handle Breakout! Target 803+

그저께

BUY Setup 💊
Entry: ₹768-775 (Current Level)
Target 1: ₹787-795
Target 2: ₹803-810
Target 3: ₹830+ (Extended)
Stop Loss: ₹752
Technical Rationale:

Powerful breakout from rectangular consolidation (740-770)
Strong bullish momentum with +3.10% surge today
Breaking above resistance zone with conviction
Cup and Handle pattern visible - classic bullish continuation
Price breaking above descending trendline (pink shaded area)
Rising above both EMAs indicating trend reversal
High volume (378.97K) confirming breakout strength
RSI spiking above 60, showing momentum building
Clear support established at 755-760 level
Multiple resistance levels marked: 771, 787, 803
Ascending triangle formation breakout

Risk-Reward: Excellent 1:3+ ratio
Pattern: Cup & Handle + Ascending Triangle breakout - highly reliable bullish signals combined
Strategy: Short to medium-term swing - Book 30% at T1 (790), 35% at T2 (805), trail remaining with SL at 770 after T1
Key Levels:

Breakout Zone: 771 (now support)
Strong Resistance: 787, 803
Support: 755, 752, 740

Sector: Pharma sector showing strength amid market volatility

For educational purposes only. Not SEBI registered. Multiple bullish patterns converging - strong setup but manage risk. Conduct your own research before investing.Retry

3시간 전

액티브 트레이드

Target 1: ₹787-795 done