Cupid Ltd: Strong Weekly Volume Breakout!🚀 Cupid Ltd: Strong Weekly Volume Breakout! 🚀
📉 CMP: ₹141
🔒 Stop Loss: ₹88
🎯 Target: ₹220
🔍 Why Cupid Looks Promising?
✅ Rounding Bottom Breakout: Clear breakout on the weekly chart with strong volume support
✅ Volume Confirmation: High volumes indicate genuine buying interest and strength behind the move
✅ Big Stop Loss Strategy: Due to the nature of such breakouts, stocks often show large squats before continuing upward. Maintaining a big stop loss with controlled position sizing is critical to ride the trend.
💡 Strategy & Risk Management:
📈 Staggered Entry: Accumulate in phases to manage volatility
🔒 Strict SL: Keep stop loss at ₹88 and adjust position size to protect capital effectively
📍 Outlook: Cupid Ltd's technical setup suggests potential for significant upside, aligning with strong volume breakout patterns.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before investing.
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