Technical:-
It has forming Cup and Handle kind of structure on daily chart while taking support on the Parallel chart trend of weekly which seems much strong enough to give it bounce to touch the upper line.
Target would 1900/2300/3000+
Time frame: 1 month / 3 months / 1 year
Fundamental : PVR-INOX merger got approved recently. People has given better...
On daily time frame, price is breaking the trend line and sustaining it with volume. When most of the stocks were falling, this stock sustained. On weekly time frame price is consolidating within a triangle.
Buy above 342 with the stop loss of 338 for the targets 346, 352 and 360. Intermediate resistance is seen at 345 - 346. Price will be completing the rounding...
Chart pattern insist me the above titled opinion
Reasons
1. BEL is in formation of a Inverted Cup & Handle (Handle in progress)
2. Lower high and Lower low formed (confirming bearishness) .
3. Gap b/w 15th & 16th Day candle can act as Strong resistance.
4. Target & SL levels mentioned @ Chart.
5. BEL may take support @ Green trendline (Major Support...
Good Opportunity to accumulate the stock now
1. Relative Strength in Good Shape
2. Avg RSI above 60
3. Good Institutional buying with increasing volume week by week
5. EPS and Sales also good
6. Breaking base with Handle
NSE:PERSISTENT
CHENNPETRO:- Formed a rounding bottom and consolidating near the resistance, if the breakout together sustains above, we can see the stock going upside. keep in radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until...
Beautiful Cup & handle Pattern and breakout in Indian Bank. Entry near 195 (Retest Zone) and fist target comes to 292. The stock is had also started making HH-HL formation. SL - Weekly Closing below 173. Favorable RR.
CHEMBOND:- Stock has formed cup and handle pattern on daily chart, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all...
CHEMBOND:- Stock has formed cup and handle pattern on daily chart, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all...
RITES:- Cup and handle pattern is forming, waiting for breakout, till then keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
Balkrishna Inds Cmp 2211 dated 6-1-2023
1. Cup & Handle Pattern BO @ 2165
2. Volume Rise
Buy @ Cmp for target 2235-2265-2320-2365 SL 2150
Pattern Target 2500 SL 2100
It is justa a view, please trade at your own risk.
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for...
LAMBODHARA:- Stock has formed cup and handle pattern on monthly chart. Volumes are also good. Keep an eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to...
Well,its actually a Cup and Handle pattern with yellow FLUTE as the neckline, awaiting the breakout/reversal. (in comment)
AFter drawing the yellow zone, the price action to the left looked like a head and the yellow zone looked like a flute.So went ahead and drew the rest of Krishna :D
RAJESHEXPO:- The stock has given a breakout by forming a cup and handle pattern, keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to...
POLYCAB:- Stock has also given breakout by forming cup and handle, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
Previously the stock made a CUP & HANDLE pattern in daily timeframe.
It was facing resistance @1175-1200 range, then it broke that resistance with enormous Volume and made a new high.
Now it is coming back to the breakout level for the first time, which might provide us with a good long opportunity.
For added confluence
1. RSI is below 40 (which will fall a bit...
ZYDUSLIFE:- Stock has formed cup and handle pattern wait for breakout till then keep your eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to...
CARBORUNIV:- Cup and handle pattern has formed on the weekly chart, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
