NAM_INDIA: The fundamental performance of Nippon Life India Asset Management, including its AUM (Assets Under Management), revenue growth, and profitability, will influence investor confidence and the stock price. Recent quarterly results (Mar 2025) showed a 20.99% year-on-year increase in net sales but a 12.92% decrease in consolidated net profit.
Current Price: ₹702
Pattern: Cup and Handle breakout
Target Expected: ₹900
Duration: 3 to 6 months
Potential Target Calculation:
Factors to Consider Regarding the Target and Duration:
Market Conditions: The overall market sentiment and the performance of the financial services sector will play a crucial role in whether NAM INDIA reaches its target within the given timeframe.
Company Performance: The fundamental performance of Nippon Life India Asset Management, including its AUM (Assets Under Management), revenue growth, and profitability, will influence investor confidence and the stock price. Recent quarterly results (Mar 2025) showed a 20.99% year-on-year increase in net sales but a 12.92% decrease in consolidated net profit.
Volume: Strong volume during the breakout and subsequent upward movement would lend more credibility to the bullish pattern.
Timeframe: Cup and Handle patterns can take anywhere from a few weeks to over a year to form. The handle itself can also vary in duration. Your estimated timeframe of 3 to 6 months for reaching the target after a breakout is within the typical range seen for such patterns, but it's not guaranteed.
Understanding the Cup and Handle Pattern:
Cup: This part of the pattern forms after an advance and resembles a "U" shape. It represents a period of consolidation where the price drops and then recovers to the previous high.
Handle: Following the cup, there's a shorter downward drift or consolidation, which is the "handle." This handle ideally forms in the upper half of the cup.
Breakout: The bullish signal occurs when the price breaks above the upper trendline of the handle. This suggests that the prior uptrend is likely to resume.
Current Price: ₹702
Pattern: Cup and Handle breakout
Target Expected: ₹900
Duration: 3 to 6 months
Potential Target Calculation:
Factors to Consider Regarding the Target and Duration:
Market Conditions: The overall market sentiment and the performance of the financial services sector will play a crucial role in whether NAM INDIA reaches its target within the given timeframe.
Company Performance: The fundamental performance of Nippon Life India Asset Management, including its AUM (Assets Under Management), revenue growth, and profitability, will influence investor confidence and the stock price. Recent quarterly results (Mar 2025) showed a 20.99% year-on-year increase in net sales but a 12.92% decrease in consolidated net profit.
Volume: Strong volume during the breakout and subsequent upward movement would lend more credibility to the bullish pattern.
Timeframe: Cup and Handle patterns can take anywhere from a few weeks to over a year to form. The handle itself can also vary in duration. Your estimated timeframe of 3 to 6 months for reaching the target after a breakout is within the typical range seen for such patterns, but it's not guaranteed.
Understanding the Cup and Handle Pattern:
Cup: This part of the pattern forms after an advance and resembles a "U" shape. It represents a period of consolidation where the price drops and then recovers to the previous high.
Handle: Following the cup, there's a shorter downward drift or consolidation, which is the "handle." This handle ideally forms in the upper half of the cup.
Breakout: The bullish signal occurs when the price breaks above the upper trendline of the handle. This suggests that the prior uptrend is likely to resume.
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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.