Cup & Handle Pattern Near Breakout – STRIDES PHARMA SCIENCES LTD

1. Classic Cup & Handle Formation: STRIDES PHARMA is displaying a textbook Cup & Handle pattern on the weekly timeframe – a strong bullish continuation structure. The rounded base is well-defined, indicating accumulation over time. The handle appears shallow and controlled, suggesting reduced selling pressure. 2. MACD Bullish Momentum Building: MACD is showing rising histogram bars with a recent bullish crossover on the weekly chart. This indicates increasing upward momentum just as the price approaches the neckline (around ₹780), further validating the breakout possibility. 3. AVWAP Insight: AVWAP from the prior swing high (September 2024) acts as a dynamic resistance level. Price is approaching this zone with strength. A breakout above this AVWAP level with volume confirmation could lead to significant upside. 4. Strong Business Fundamentals: Consistent Revenue & EBITDA Growth: The company has delivered solid performance over the past 4 quarters, showing resilience in a competitive pharma landscape. Improving Margins: Operating leverage is kicking in, with expanding EBITDA margins indicating efficiency improvements. Global Exposure: A growing share of regulated market revenues offers long-term scalability potential. 🚀 Conclusion: STRIDES PHARMA is on the verge of breaking out from a powerful Cup & Handle formation. With bullish MACD confirmation and price nearing key AVWAP resistance, all eyes are on the ₹780–₹800 zone. A close above this could open up targets of ₹950+ in the medium term. Watch for: ✅ Breakout above ₹780 with volume ✅ Retest-hold of breakout zone ✅ MACD crossover sustainability Risk Note: Ideal for position sizing with trailing stop-losses under the handle (~₹690) to manage risk.