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Cup And Handle

EVEREADY READY TO MANUFACTURE SOME GREAT RETURNS (Easy 90%)The stock has been forming an cup and handle pattern on the weekly timeframe moreover it has attempted it beforehand in 2015-17 however it could not sustain it and could not hit the targets , rather it broke the support and went completely downhill fastforward to 2024 it has entered into its last phase of cup and handle formation second time this one began aroun 2018 , this time the consolidation is also pretty long and the pattern is also perfect moreover the fuandamentals are also supporting the techincals The FII have increased their stake lately and the promoters are also buying the stake added with pretty handsome OPM and NET PROFITS also the volumes have regianed the momentum back like 2015 This new cup and handle formation can rather be termed as complex cup and handle pattern as it has more than 1 handle , this complex cup and handle pattern is quite rare and brings in quite relaibility and confidence in the stock TARGET 1 - 427 TARGET 2 - 465 TARGET 3 - 877
NSE:EVEREADYLong
by keshavmaharaj958
1
AMBALALSA - MONTHLY BREAKOUT WITH TURNAROUND POTENTIALHi Friends, Today I'll like to share a very interesting company Ambalal Sarabhai Enterprises Ltd Fundamentals: MCap - 548Cr Mcap/Sales - 3.16 Promoter Holding - 30.8% PE - 96 On the onset, everything looks bad about this company except PRICE ACTION & FY23 AR (Especially Director's Report) Some Key factors in the report - Strategy of moving business to focussed subsidiaries has been successful - Asence Pharma has started a new Oncology and Synthetic API plant - Synbiotics is manufacturing an antifungal active ingredient - Amphotericin B - Sarabhai M Chemicals has started manufacturing Vitamin C coated products - Vovantis Labs has setup a state of art manufacturing facility to expand business - CoSara DIagnostics has the exclusive manufacturing rights in India for the complete menu of its US partner - Co-Diagnostics So many turnaround factors which is clearly indicated by Price Action Technicals On a monthly chart, PA has formed a CUP and HANDLE with breakout. This is a powerful indication of confirming the fundamentals stated above. This pick is for those who like turnaround candidates (dark horse) Hope you'll like this idea, Thanks, Stock-n-Shine
BSE:AMBALALSALong
by Stock-n-Shine
Shakti pumps-A long-term investment stock!Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame Stock is retesting the breakout and low volumes during retracement indicate the same. If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart. One of the best stock to invest in "Make in India" growth story. Stock has given remarkable returns in the last 1 year and has the potential to give similar returns in coming years.
NSE:SHAKTIPUMPLong
by chartistamey
Alpa Cup and Handle Pattern - Bullish### Chart Patterns: 1. **Cup and Handle Pattern**: - **Cup**: The price action from mid-2021 to mid-2023 resembles a cup formation, with a rounded bottom indicating accumulation. - **Handle**: Following the cup, the recent price action seems to form a handle, typically characterized by a downward consolidation. 2. **Descending Triangle**: - There is a descending triangle visible within the handle part of the cup and handle pattern. This is typically a bearish continuation pattern, but in this context, it could be part of the handle formation. ### Volume Profile: - The volume profile on the right shows the price levels where the most volume has been traded. - There is a significant volume build-up around the 70-85 level, suggesting a strong support zone. ### Support and Resistance Levels: - **Support**: Around 65-70 (based on volume profile and historical price action). - **Resistance**: Around 93-95, which coincides with the upper boundary of the descending triangle and the previous highs. ### Indicators: - **RSI (14)**: The RSI is around 51.48, which is neutral. It indicates that the stock is neither overbought nor oversold. The RSI is also showing a slight uptick, suggesting a potential bullish momentum. ### Key Observations: - The breakout above the descending triangle's upper boundary (~93-95) with strong volume could signal a bullish move. - The cup and handle pattern generally signals a continuation of the previous uptrend if the price breaks above the handle with strong volume. - The volume has been increasing, indicating growing interest in the stock. ### Potential Scenarios: 1. **Bullish Scenario**: - A breakout above the 93-95 resistance level with strong volume could lead to a significant upward move, confirming the cup and handle pattern. - Targets could be around the 110-120 range, aligning with the height of the cup added to the breakout point. 2. **Bearish Scenario**: - If the price fails to break out and falls below the support zone around 65-70, it might indicate a further downside. - In such a case, the next support levels would be around 50-55. ### Strategy: - **Entry**: Consider entering a long position on a confirmed breakout above 93-95 with strong volume. - **Stop Loss**: Place a stop loss below the handle's low, around 70, to manage risk. - **Target**: Aim for the 110-120 range based on the cup and handle pattern projection. This analysis combines technical patterns, volume profile, and RSI to provide a comprehensive view. Always consider other fundamental and market factors before making a trade decision.
NSE:ALPA
by brijmohan_h