Pattern: "Cup and Handle" pattern
Cup/Rounding Bottom: Formed from approximately late 2024/early 2025 to late April 2025, with the low around 755.50.
Handle: A small consolidation (handle) has formed in early May 2025, right at the neckline.
Neckline: The resistance or neckline of this pattern is around 1,083.00 - 1,084.40. The price is currently testing or attempting to break out above this neckline.
Volume: A significant volume spike is visible on the most recent candle, which is attempting the breakout. This is a positive sign.
Target: The depth of the cup (approximately 324.15 points) projected from the neckline gives a potential target of around 1,408.50.
Support: The neckline around 1,083.00 - 1,084.40 will act as support if the breakout is successful. The low of the cup (755.50) is major support.
Resistance: The immediate resistance is the neckline itself. Once cleared, the target of 1,408.50 becomes the next significant resistance.
Interpretation: KPR Mill is at a crucial juncture, attempting to break out from a large bullish pattern. The high volume on the breakout attempt is encouraging. A sustained close above the 1,084.40 level would confirm the breakout and suggest a move towards the 1,408.50 target
Cup/Rounding Bottom: Formed from approximately late 2024/early 2025 to late April 2025, with the low around 755.50.
Handle: A small consolidation (handle) has formed in early May 2025, right at the neckline.
Neckline: The resistance or neckline of this pattern is around 1,083.00 - 1,084.40. The price is currently testing or attempting to break out above this neckline.
Volume: A significant volume spike is visible on the most recent candle, which is attempting the breakout. This is a positive sign.
Target: The depth of the cup (approximately 324.15 points) projected from the neckline gives a potential target of around 1,408.50.
Support: The neckline around 1,083.00 - 1,084.40 will act as support if the breakout is successful. The low of the cup (755.50) is major support.
Resistance: The immediate resistance is the neckline itself. Once cleared, the target of 1,408.50 becomes the next significant resistance.
Interpretation: KPR Mill is at a crucial juncture, attempting to break out from a large bullish pattern. The high volume on the breakout attempt is encouraging. A sustained close above the 1,084.40 level would confirm the breakout and suggest a move towards the 1,408.50 target
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.