Short-Term Pullback Suggestion (RPPINFRA)
º Cup & Handle Pattern: The overall structure appears to be a Cup and Handle formation,
which is a bullish reversal pattern.
The price completed the cup recently broken out of the handle formation.
A breakout above the 249-250 level seems to be crucial, signaling strong upward moment um .Resistance Levels: There is a horizontal resistance zone marked around 249-250 levels. The stock has tested this region but has not yet sustained a clear breakout.
The next major resistance is at the 275-280 levels, which may act as a profit-booking zone. Support Levels: Immediate support lies around 195 and 160, which a lighted as MOB (Make or Break) levels on the chart. These are crucial levels where the price could find support if it retraces.
which is a bullish reversal pattern.
The price completed the cup recently broken out of the handle formation.
A breakout above the 249-250 level seems to be crucial, signaling strong upward moment um .Resistance Levels: There is a horizontal resistance zone marked around 249-250 levels. The stock has tested this region but has not yet sustained a clear breakout.
The next major resistance is at the 275-280 levels, which may act as a profit-booking zone. Support Levels: Immediate support lies around 195 and 160, which a lighted as MOB (Make or Break) levels on the chart. These are crucial levels where the price could find support if it retraces.
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( Contact Number - +91 76782 40962 )
(Mail - Empirecrowntrade@gmail.com)
(Telegram - @Empirecrowntrade)
(whats app code - wa.link/tjaycw )
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