Chart Analysis
Anthem Biosciences is forming a classic Cup & Handle pattern, indicating a potential trend reversal → bullish continuation.
Rounded bottom (Cup) shows accumulation phase
Smaller pullback (Handle) shows weak profit booking
Price is now breaking out of a strong demand zone (₹680–₹710)
This structure signals bullish momentum building up.
Key Levels
Demand Zone: ₹680 – ₹710
Breakout Level: ₹720 (closing basis)
Current Price: ~₹720
Target: ₹750 – ₹770
Stop Loss: ₹670
Trade Setup
Strategy: Breakout + Continuation
✅ Entry: Above ₹720
🎯 Target: ₹750 / ₹770
🛑 SL: ₹670
Anthem Biosciences is forming a classic Cup & Handle pattern, indicating a potential trend reversal → bullish continuation.
Rounded bottom (Cup) shows accumulation phase
Smaller pullback (Handle) shows weak profit booking
Price is now breaking out of a strong demand zone (₹680–₹710)
This structure signals bullish momentum building up.
Key Levels
Demand Zone: ₹680 – ₹710
Breakout Level: ₹720 (closing basis)
Current Price: ~₹720
Target: ₹750 – ₹770
Stop Loss: ₹670
Trade Setup
Strategy: Breakout + Continuation
✅ Entry: Above ₹720
🎯 Target: ₹750 / ₹770
🛑 SL: ₹670
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.