SMS PHARMA - Cup & Handle Breakout with Volume Confirmation

4월 29일

📊 SMS PHARMA – Cup & Handle Breakout with Volume Confirmation
🕰️ Timeframe: 1D | 📐 Pattern: Cup & Handle Formation

🔍 Technical Setup:
SMS Pharma has formed a classic Cup & Handle pattern, which is a bullish continuation pattern. The breakout has occurred above the neckline resistance with a clean breakout candle, confirming bullish momentum.

The falling trendline resistance has also been decisively broken, adding further confidence to the breakout strength.

🔑 Key Levels to Watch:
🔵 Resistance (Upside Targets):
₹258.05
₹271.70

🔴 Support Zones:
₹230.57 (neckline support)
₹211.77 (handle base)
₹181.95 (major horizontal support zone)

📊 Volume & Indicators:
🔺 Volume Surge at breakout confirms strength and participation — a good sign for trend continuation.
📈 RSI: 64.58 — close to overbought zone, but still indicating strength. Minor consolidation near ₹240 would be healthy before further up move.

🧠 Bias: Bullish
📉 Any pullback to ₹230–₹235 can offer a good entry opportunity with risk managed below ₹211.

⚠️ Disclaimer: This is an educational analysis and not investment advice. Do your own research before making any trading decisions.

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💬 Drop your thoughts in the comments — will this Cup & Handle breakout hit the ₹270 zone?

5월 20일

거래청산: 타겟 닿음

The first resistance level has been touched. If the trend is to continue, it's important to follow a trailing stop-loss strategy and patiently wait for the price to approach the second resistance level.