Investors have paid higher prices over time to
buy Cupid Ltd. and the stock is in a rising
trend channel in the medium long term. Rising
trends indicate that the company experiences
positive development and that buy interest
among investors is increasing. The price has
broken through the ceiling at 298 of a
rectangle pattern. A decisive break will signal
a further rise to 358 or more.
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There is no
resistance in the price chart and further rise is
indicated. In case of a negative reaction, the
stock has support at approximately 282
rupee. Positive volume balance strengthens
the stock in the short term. RSI above 70
shows that the stock has strong positive
momentum in the short term. Investors have
steadily paid more to buy the stock, which
indicates increasing optimism and that the
price will continue to rise. The stock is overall
assessed as technically positive for the
medium long term.