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Cup And Handle

TI: Breakout from Cup and Handle Pattern with High Volume Tilaknagar Industries Ltd. (TI) has exhibited a textbook breakout from a well-defined Cup and Handle pattern on the weekly chart. This pattern is often seen as a bullish continuation signal, indicating the potential for further upward movement. Key Observations: Cup and Handle Formation: The stock has formed a classic Cup and Handle pattern over the past several months. The "cup" reflects a gradual rounded bottom, signaling a consolidation phase, followed by a minor "handle" retracement. This pattern suggests that the stock has absorbed selling pressure and is now ready to continue its upward trend. Breakout Confirmation: The breakout above the resistance level of around ₹290, marked the completion of the pattern, with the price closing at ₹301.75, a significant 9.99% increase. The breakout has occurred with strong momentum, as evidenced by the robust bullish candlestick. Volume Spike: Accompanying the breakout, there has been a notable spike in trading volume, which adds validity to the breakout. High volume during a breakout is a strong indicator that the move is supported by substantial buying interest. Trendline Support: The stock has respected an upward sloping trendline, which has acted as a strong support level throughout the pattern's formation. This trendline support strengthens the bullish outlook. Conclusion: The technical setup for Tilaknagar Industries Ltd. appears to be very bullish following the confirmed breakout from the Cup and Handle pattern. The surge in volume further corroborates the breakout, indicating a high probability of continued upward movement. NSE:TI This setup offers a favorable risk-to-reward ratio for those looking to capitalize on a bullish trend in Tilaknagar Industries Ltd. Keep an eye on the volume and price action in the upcoming weeks to gauge the sustainability of the breakout. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always perform your own research or consult with a professional before making any trading decisions.
NSE:TILong
by rajsharmatt
JM Financial - Cup & Handle Breakout- Safe above 117. SL-91With Bajaj Housing IPO coming in, Market is cheering and all NBFC/Brokerage stocks are seeing a run. The stock has formed cup and handle pattern and a breakout is expected above 117. Safe Entry above 117, for targets of 140/155/180.. with stop loss of 91. NBFCs (Non-Banking Financial Companies) have been experiencing a surge in their stock prices in India due to several factors: Economic Recovery: India's economy has been steadily recovering from the pandemic, leading to increased demand for loans and financial services. This has benefited NBFCs, which play a crucial role in providing these services. Low Interest Rates: The Reserve Bank of India (RBI) has maintained relatively low interest rates to stimulate economic growth. This has made borrowing cheaper for both individuals and businesses, which has increased demand for NBFC loans. Government Support: The government has implemented various measures to support the NBFC sector, including providing liquidity and relaxing regulatory requirements. This has helped to boost investor confidence in the sector.   Digital Transformation: NBFCs have been embracing digital technologies to improve their efficiency and reach a wider customer base. This has made them more attractive to investors.   Consolidation: The NBFC sector has seen some consolidation, with larger players acquiring smaller ones. This has led to increased market share and improved financial stability for the larger players.   Other stocks that one can consider are : JIO Finance / Poonawalla / Geojit Disclaimer : Educational Content. Please do your own research.
NSE:JMFINANCIL
by jain_geetesh
2
SBINI can see two bullish patterns in chart. 1. Ascending channel 2. Rounding bottom Strong resistance is seen at the zone 824 - 826. Buy above 820 with the stop loss of 814 for the targets 826, 832 and 840. Sell below 810 with the stop loss of 815 for the targets 805, 800 and 795. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:SBIN
by vanathi
4
ABCAPITAL - Cup and Handle- Breakout- WklyABCAPITAL - Cup and Handle- Breakout - Wkly Name - ABCAPITAL Pattern - Cup and Handle Timeframe - Wkly Status - Breakout Volume - Very Good Cmp - 226 Target - 354 SL - 196 Pattern: Cup and Handle The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Fundamental ratios: Here are some key fundamental ratios and metrics for Aditya Birla Capital Ltd. (ABCAPITAL): Key Financial Ratios: Price to Earnings (P/E) Ratio: 16.80 Price to Book (P/B) Ratio: 2.24 Return on Equity (ROE): 13.87% Debt to Equity Ratio: 8.17 Net Profit Margin: 9.43% Operating Profit Margin: 28.73% EBITDA Margin: 29.91% Financial Highlights: Market Capitalization: ₹57,539.7 crore Revenue Growth (YoY): 30.54% Net Profit: ₹3,424.19 crore Earnings Per Share (EPS): ₹13.17 These metrics provide a snapshot of Aditya Birla Capital Ltd.'s financial health and performance.
NSE:ABCAPITALLong
by VCharts_TA
TEMBO - Cup and Handle Breakout - WklyTEMBO - Cup and Handle Breakout - Wkly Name - TEMBO Pattern - Cup and Handle Timeframe - Wkly Status - Breakout Volume - Very Good Cmp - 323 Target - 538 SL - 310 Pattern: Cup and Handle The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Fundamental ratios: Looks Good Tembo Global Industries Ltd manufactures and trades fabricated metal products Market Cap ₹ 359 Cr. Current Price ₹ 323 High / Low ₹ 337 / 191 Stock P/E 20.4 Book Value ₹ 59.6 Dividend Yield 0.46 % ROCE 24.1 % ROE 26.0 % Face Value ₹ 10.0 Price to book value 5.42 Promoter holding 55.4 % Unpledged Prom Hold 49.9 % Pledged percentage 9.92 % 10Yrs PE 39.2 EPS ₹ 15.8 Industry PE 38.9 Debt to equity 0.75 Return on assets 10.3 % Int Coverage 4.88 Graham Number ₹ 146 PEG Ratio 0.44 Piotroski score 6.00 Price to Sales 0.75 OPM 4.89 % ROCE 3Yr 17.4 % Profit Var 3Yrs 67.9 % ROE 3Yr 21.0 %
NSE:TEMBOLong
by VCharts_TA
GUJGAS - Cup and Handle Breakout and retested -WklyGUJGAS - Cup and Handle Breakout and Retested-Wkly Name - GUJGASLTD Pattern - Cup and Handle Timeframe - Wkly Status - Breakout and retested Volume - Very Good Cmp - 680 Target - 784 SL - 593 Pattern: Cup and Handle The Cup and Handle pattern is a bullish continuation pattern. Fundamentals: Here are some key fundamental ratios and metrics for Gujarat Gas Ltd. (GUJGASLTD): Key Financial Ratios: Price to Earnings (P/E) Ratio: 33.2 Price to Book (P/B) Ratio: 5.4 Return on Equity (ROE): 14.81% Debt to Equity Ratio: 0 (debt-free) Net Profit Margin: 7.43% Earnings Per Share (EPS): ₹4.79 Financial Highlights: Market Capitalization: ₹41,781.8 crore Revenue Growth (YoY): 17.7% Operating Profit Margin: 12.4% These metrics provide a snapshot of Gujarat Gas Ltd.'s financial health and performance.
NSE:GUJGASLTDLong
by VCharts_TA
Ashok leyland long time cup & handle BullrunAshok leyland has 5 years breakout. That too is cup & handle pattern. Targets are normally double from here. That too had bullish wedge breakout too. I am long since 165 though. There is double strength in the stock. I have also demonstrated example1 on the left side. past cup & handle pattern brekout and target. Used fibo extention for above 300 targets. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:ASHOKLEYLong
by ashishhc
Cup and Handle Breakout: KNR CONSTRU LTD (KNRCON)KNR CONSTRU LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend. Moving Averages: The 20-day and 50-day exponential moving averages are both above the price, suggesting a bullish trend. RSI: The RSI is currently above 50, indicating a bullish trend. However, it is approaching the overbought zone, which could suggest a potential short-term pullback. MACD: The MACD line is above the signal line, indicating a bullish trend. The target 1 around ₹400, Target 2: ₹480 , and a stop-loss can be placed below the handle at around ₹300. Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:KNRCONLong
by supertraders_india
Coral India Finance - C&H Breakout - Best Above 74Coral INDIA Finance. Formed Cup & Handle Pattern and a breakout leading to Upper circuit Catch this stock before the circuit revises from 20 to 10 and then to 5% Buy Above 74 - for targets of 117 /136/200. Stop Loss - 55 Todays breakout signal on a Monday signals something strong upside. Closer look at daily chart indicates Strong Volume and a Strong Upper Circuit Green Candle Disclaimer : Its a Educational Content. Please do your own research.
NSE:CORALFINAC
by jain_geetesh