TATAINVEST is completing a large one year cup and is posied to breakout if it crosses it successfully and sustains. Volume and RSI high.
HATHWAY has broken out of a 1 Year Cup pattern. The resistance is lasting for over a year and it has tried to break it in previous 2 other cup patterns but failed. Breakout this time has good volumes and High RSI. Coming on a day of very weak market, it is outshining. But has to stay above this breakout level to sustain move.
KIOCL is trying to breakout of the 2.5 years huge cup. Hitting 20% circuit today it broke out but it is important to sustain the breakout keep going higher. Volume and RSI are high.
CHENNPETRO is breaking out of a massive 15 year resistance. High RSI. On daily after brief retest is again breaking swing low. Lets see if it will sustain levels and then can go higher.
NAZARA is breaking out of a 1 Year Cup pattern. Breakout has retested and bounced and lets see if it sustains. High RSI and Volume at breakout.
TCS this week is trying to break out of a cup and handle pattern lasting 1.5 years. Volume and RSI is high this week. Coinciding with breakout in other tech stocks and CNXIT. Important it stays along with tech sector above the breakout level over next few weeks to sustain rally.
UCOBANK has rapidly broken out of a huge 6 Year Cup Handle pattern. The massive breakout over the last 2 days has pushed it over 35%! Huge volumes and high RSI. No wait for profit booking and see if it sustains. The whole PSU bank pack is breaking out.
EIDPARRY has broken out of a 6 month long cup and given breakout. High volumes and RSI for last few days. The breakout is holding for last few days, but needs to sustain well to keep going higher.
DBREALTY is now poised to breakout of the huge 10 year cup with high volume and high RSI. Watch for massive breakout if it happens.
PUNJAB SIND BANK (PSB) is showing a 5 year Cup Handle Breakout with high RSI and good volumes. Obviously it is the week's first day and the weekly candle is still forming so look out for the candle close is important and the breakout should sustain over the next weeks. The PSU bank sector is also bullish now as many other banks are breaking out too.
STRATEGY: BUY CMP i.e. 985-980 SL:905 TGT: 1130-1150 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup...
WIPRO has formed over a 1 year long cup and is poised for breakout and if can sustain. It has fallen over 50% from top and regained 25% from bottom already. RSI is high.
GLAND PHARMA is gearing to break a 3 year resistance and has created a 1 Year Cup and handle and retesting levels after a prolonged downslide over 3 years. Volume and RSI are high.
KSL or KALYANI STEEL has done a massive 6 Year Cup and Handle Breakout. It then retested the level and brokeout again with highest volumes. High RSI.
NIFTY has clearly broken a cup pattern and sustained above 20000. Play with no upper target. SL below 20000. Round number and important level breakout. RSI over 70. Simple.
IDBI BANK is breaking out of a 2 year long cup and handle pattern with high volume and high RSI. The breakout is sustaining over the support.
VODAFONE IDEA price has broken out of the huge 1 Year Cup and is sustaining the breakout. Watch out for more upside. Added benefit of high volumes and high RSI.
DLF is breaking out of a massive 15 year huge cup with high volumes and RSI