🖊️ Global Health Weekly – Cup Formation Breakout Attempt

📊 1. Price Action & Pattern Global Health has been forming a classic Cup pattern over the past year, with a rounded bottom supported by rising trendlines. This week’s surge in price comes right at the cup completion zone, backed by a notable spike in volumes – a healthy technical confirmation. 📈 2. Key Levels Immediate Support: ₹1290 (previous resistance turned into support) Immediate Resistance: ₹1500 (horizontal resistance & pattern breakout level) 📉 3. Indicators Volume: Strong uptick at the right time – during cup completion – signaling accumulation. RSI: Hovering near 68, indicating strong momentum without yet entering deep overbought territory. 🧠 Technical Summary Trend: Long-term uptrend intact. Setup: Cup formation nearing breakout; higher volumes confirm buying interest. Trigger Point: Sustained close above ₹1500 could open fresh upside room. 🔎 Conclusion “Global Health is on the verge of confirming a bullish cup pattern breakout. ₹1500 remains the key trigger for the next upward leg, while ₹1290 serves as strong downside protection.” 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.