📈 CHART PATTERN: CLASSIC CUP & HANDLE
Pattern Confirmation:
Cup Formation: Rounded bottom with consolidation between support (~₹834) and resistance (₹915).
Handle: Smaller pullback (bullish flag) near ₹915 resistance, validating the pattern.
Volume: Declining volume in the handle, with a breakout spike needed for confirmation.
🎯 KEY LEVELS & TRADE PLAN
🚪 Entry (Buy): ₹915 Breakout Level
🎯 Target 1: ₹957 (*+4.6%*)
🎯 Target 2: ₹1,078 (*+17.8%*)
🛑 Stop Loss: ₹834 (*-8.8% from entry*)
⚡ TRADING STRATEGY
Entry: Buy on closing price > ₹915 with rising volume.
Targets:
Take Partial Profit at ₹957 (book 50% position).
Trail SL for Remainder toward ₹1,078.
Risk-Reward Ratio:
1:2.0 (Target 2) | 1:0.5 (Target 1).
📉 RISK MANAGEMENT
Stop Loss: Strictly adhere to ₹834 (invalidates the pattern if breached).
Position Size: Risk ≤ 1-2% of capital per trade.
Volume Watch: Weak volume on breakout = false signal.
🔍 WHY THIS WORKS?
Technical Strength:
Cup & Handle is a high-probability bullish continuation pattern.
Handle retest at ₹915 shows seller exhaustion.
Historical Context:
₹834 (handle low) acts as strong support, aligning with the 50% Fibonacci retracement of prior swings.
Market Sentiment: Healthcare sector resilience adds momentum.
📊 VISUAL PRICE PATH
Current Price → ₹915 Resistance
│
├→ **Breakout Confirmed** → ₹957 → ₹1,078
│
└→ **Breakdown** → SL ₹834 (Exit)
⚠️ CRITICAL NOTES
Fundamental Catalyst: Monitor earnings/news for confirmation.
False Breakout Risk: Avoid chasing price; wait for close above ₹915.
Time Frame: Pattern validity weakens if breakout stalls for >5-7 sessions.
✅ CONCLUSION
A textbook Cup & Handle pattern with defined risk-reward makes Zota Healthcare a high-conviction long trade above ₹915. Prioritize volume confirmation and strict SL discipline.
Pattern Confirmation:
Cup Formation: Rounded bottom with consolidation between support (~₹834) and resistance (₹915).
Handle: Smaller pullback (bullish flag) near ₹915 resistance, validating the pattern.
Volume: Declining volume in the handle, with a breakout spike needed for confirmation.
🎯 KEY LEVELS & TRADE PLAN
🚪 Entry (Buy): ₹915 Breakout Level
🎯 Target 1: ₹957 (*+4.6%*)
🎯 Target 2: ₹1,078 (*+17.8%*)
🛑 Stop Loss: ₹834 (*-8.8% from entry*)
⚡ TRADING STRATEGY
Entry: Buy on closing price > ₹915 with rising volume.
Targets:
Take Partial Profit at ₹957 (book 50% position).
Trail SL for Remainder toward ₹1,078.
Risk-Reward Ratio:
1:2.0 (Target 2) | 1:0.5 (Target 1).
📉 RISK MANAGEMENT
Stop Loss: Strictly adhere to ₹834 (invalidates the pattern if breached).
Position Size: Risk ≤ 1-2% of capital per trade.
Volume Watch: Weak volume on breakout = false signal.
🔍 WHY THIS WORKS?
Technical Strength:
Cup & Handle is a high-probability bullish continuation pattern.
Handle retest at ₹915 shows seller exhaustion.
Historical Context:
₹834 (handle low) acts as strong support, aligning with the 50% Fibonacci retracement of prior swings.
Market Sentiment: Healthcare sector resilience adds momentum.
📊 VISUAL PRICE PATH
Current Price → ₹915 Resistance
│
├→ **Breakout Confirmed** → ₹957 → ₹1,078
│
└→ **Breakdown** → SL ₹834 (Exit)
⚠️ CRITICAL NOTES
Fundamental Catalyst: Monitor earnings/news for confirmation.
False Breakout Risk: Avoid chasing price; wait for close above ₹915.
Time Frame: Pattern validity weakens if breakout stalls for >5-7 sessions.
✅ CONCLUSION
A textbook Cup & Handle pattern with defined risk-reward makes Zota Healthcare a high-conviction long trade above ₹915. Prioritize volume confirmation and strict SL discipline.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.