SHYAMMETL & RPSGVENT - Cup & Handle Breakout!!

SHYAMMETL
  • Following an upward trend, the stock price encountered resistance around the 740 level, resulting in a correction that brought the price down to the 530 level, where it established support.
  • Subsequently, the price entered a consolidation phase before successfully breaking through its trendline resistance.
  • With a surge, the stock price climbed back to its previous resistance level but faced rejection once more.
  • After a period of consolidation just below this resistance level, the price ultimately broke out with significant volume support.
  • During this time, a cup & handle pattern emerged, and with this breakout, that pattern was also surpassed.
  • If the price can hold above this breakout point, we could witness another rally in the days ahead.


istantanea
RPSGVENT
  • After a tough rejection around the 840 level, the price started to decline.
  • Once it successfully broke through the trendline resistance, the stock price jumped back to its earlier resistance level but was rejected again.
  • After a period of consolidation just beneath that resistance level, the price has finally made a breakthrough recently, supported by substantial volume.
  • A cup and handle pattern formed during this period, and with the breakout, that pattern was also exceeded.
  • If the price remains above this breakout level, there could be more upward movement.
Nota
RPSG VENTURES
istantanea

What an incredible move! The stock price has surged nearly 58% in just seven trading sessions following our analysis!
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