Script: NSE:SUPREMEIND | Timeframe: Daily | Analysis Type: Technical (Pure Price Action) | Patterns: Symmetrical Triangle + Cup & Handle
Idea Summary 💡
A powerful, nested pattern setup is concluding on the daily chart! A large Symmetrical Triangle contains a secondary Cup and Handle (Bullish) pattern. This rare confluence signals strong accumulation and suggests an imminent, powerful upside breakout is likely!
Chart Pattern Logic 🔍
Primary Pattern (Symmetrical Triangle): Characterized by descending resistance (highs: Dec-18-2024, Jun-17-2025) and ascending support (lows: Apr-9-2025, May-9-2025, Jul-24-2025).
Secondary Pattern (Cup & Handle): Formed entirely within the triangle, adding a potent layer of bullish confirmation.
Confluence: This pattern-within-a-pattern setup significantly amplifies the potential for a strong upward resolution.
Trade Thesis 📈
Price is coiling at the triangle's apex under immense pressure. A decisive break above the upper trendline could ignite the next major bullish impulse phase.
Trade Setup ⚡
Direction: LONG 🟢
Entry Trigger: WAIT for a strong Marubozu green candle 🕯️ to close above the triangle's trendline on high volume (min. 1.5x average).
Stop Loss: Below the low of the breakout candle. 🛑
Profit Targets: 4700 🎯 | 4800 🎯 | 5125 🎯
Long-Term Target: 6000+ (Extended Target Based on Pattern Confluence & Momentum) 🚀
Risk Management: Trail stops aggressively after Target 1.
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Drop the ticker in the comments below! If you found this idea useful, like and follow for more pure price action analysis.
Disclaimer: This post/information is solely for educational purposes and should not be construed as a recommendation or financial advice. Trading carries a risk of loss. Please conduct your own research or consult a financial advisor before making any investment decisions. The author and TradingView are not liable for any financial losses incurred based on this content.
Idea Summary 💡
A powerful, nested pattern setup is concluding on the daily chart! A large Symmetrical Triangle contains a secondary Cup and Handle (Bullish) pattern. This rare confluence signals strong accumulation and suggests an imminent, powerful upside breakout is likely!
Chart Pattern Logic 🔍
Primary Pattern (Symmetrical Triangle): Characterized by descending resistance (highs: Dec-18-2024, Jun-17-2025) and ascending support (lows: Apr-9-2025, May-9-2025, Jul-24-2025).
Secondary Pattern (Cup & Handle): Formed entirely within the triangle, adding a potent layer of bullish confirmation.
Confluence: This pattern-within-a-pattern setup significantly amplifies the potential for a strong upward resolution.
Trade Thesis 📈
Price is coiling at the triangle's apex under immense pressure. A decisive break above the upper trendline could ignite the next major bullish impulse phase.
Trade Setup ⚡
Direction: LONG 🟢
Entry Trigger: WAIT for a strong Marubozu green candle 🕯️ to close above the triangle's trendline on high volume (min. 1.5x average).
Stop Loss: Below the low of the breakout candle. 🛑
Profit Targets: 4700 🎯 | 4800 🎯 | 5125 🎯
Long-Term Target: 6000+ (Extended Target Based on Pattern Confluence & Momentum) 🚀
Risk Management: Trail stops aggressively after Target 1.
Got another stock you want me to break down? 📊
Drop the ticker in the comments below! If you found this idea useful, like and follow for more pure price action analysis.
Disclaimer: This post/information is solely for educational purposes and should not be construed as a recommendation or financial advice. Trading carries a risk of loss. Please conduct your own research or consult a financial advisor before making any investment decisions. The author and TradingView are not liable for any financial losses incurred based on this content.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.