PRISM JOHNSON - CUP AND HANDLE ☕
Prism Johnson Limited is amongst the largest integrated building materials companies in India, with a wide range of products, namely cement, ready-mixed concrete, tiles, sanitaryware, and bath fittings.
It has just completed a perfect cup and handle pattern. It has given BO of 160 level which is a major resistance of this stock since 2018. Stock approached this level in 2022 but failed to give a breakout of this level.
This breakout is backed by strong Q2 results which are very impressive and one of the reasons for recent buying.
This chart is on the weekly timeframe which increases its importance and seems like a good investment for the next 1 year.
This analysis is just for educational purposes. Do your own research before investing in any securities.
It has just completed a perfect cup and handle pattern. It has given BO of 160 level which is a major resistance of this stock since 2018. Stock approached this level in 2022 but failed to give a breakout of this level.
This breakout is backed by strong Q2 results which are very impressive and one of the reasons for recent buying.
This chart is on the weekly timeframe which increases its importance and seems like a good investment for the next 1 year.
This analysis is just for educational purposes. Do your own research before investing in any securities.
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