SHYAMMETL & RPSGVENT - Cup & Handle Breakout!!

21 Agu 2024

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.
  

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.
  

28 Agu 2024

Catatan

RPSG VENTURES


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