SHARDACROP – Cup & Handle Breakout with Explosive Volume

26. Juli

📊 SHARDACROP – Cup & Handle Breakout with Explosive Volume | RSI > 80
📅 Chart Date: July 26, 2025
📍 CMP: ₹1,087.10 (+19.63%)
📈 Symbol: NSE:SHARDACROP | 1D Timeframe

🔍 Technical Analysis Breakdown
☕ Cup and Handle Breakout
A clear Cup and Handle formation has completed.
Breakout above the neckline (~₹940) with a massive bullish candle.

💥 Volume Spike
Volume surged to 8.82M, against the 20-day average of ~887K — institutional buying visible.
This is the highest volume in months, confirming the breakout strength.

📈 RSI (14, close): 80.51
Momentum is extremely strong, entering the overbought zone — may signal continuation or short-term pullback before resuming rally.

📌 Breakout Level: ₹940
📌 Immediate Resistance: ₹1,100–₹1,150
📌 Support on Retest: ₹940–₹960

🎯 Trade Setup
Entry on Retest: ₹960–₹980
Stoploss: ₹920 (below handle base)
Target: ₹1,150 / ₹1,200+

Risk Level: Moderate–High (due to RSI overbought, but pattern is strong)

⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management.

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28. Juli

Trade geschlossen: Ziel wurde erreicht

The first resistance level has been touched. If the trend is to continue, it's important to follow a trailing stop-loss strategy and patiently wait for the price to approach the second resistance level.