HEAD AND SHOULDER & CUP & HANDLE1W HEAD AND SHOULDER Pattern
1M CUP & HANDLE Pattern
1st Target 17%
2nd Target 38%
Cup And Handle
BLIL - Very strong muliple year breakouts BSE:BLIL has given uncountable breakouts.
Firstly is make Cup & Handle pattern over a period of 6 yrs. And gave a strong breakout. C&H breakout target - 700 (Already reached)
Secondly, along with C&H breakout it also gave an All-Time-High breakout from the levels of 520.
Next, it went on to break 6 yr trendline and rested it also.
Finally, it gave breakout over it's 16 yrs trendline. This breakout got rejected as the price has come below it.
I believe the stock should spend some time between 16yr trendline and 6yr trendline. It will be a good strategy to buy either buy the stock at lower level of 625 or at the 16 yr trendline breakout.
Even though 16 yr breakout is not obeyed, stock has shown strength by retesting and respecting 6 yr trendline breakout.
You can also keep on accumulating it while it revolves between this 2 trendlines.
CMP: 671
Buy point: 625 & above 690
SL: 550
Target: Open. Hold it till exit signal. Long term stock.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
MUTHOOTFIN - CUP AND HANDLE FORMATION WITH BREAKOUTHi All,
This idea is about Muthoot FInance
Very interesting pattern has emerged on Weekly chart.
Cup and Handle formation and then a successful breakout from both sip line and long term resistance.
Relative Strength has turned positive as compared to Nifty.
High relative volume crossing benchmark level of 2
Traders are advised to wait till price is as close to 10 SMA on daily TF as possible.
FnO trade can also be taken
Happy Trading,
Thanks,
Stock-n-Shine
ONGC FORMING INVERSE HEAD AND SHOULDERThe stock has formed an inverse head and shoulder and moreover if we look at a broader picture the stock has formed a cup and handle and inside it and inverse head and shoulder has been formed
LONG time (swing) risk managed entry BLS internationalsee on chart description of detailed idea behind this, this stock moving up from a 200,150,50 sma point...which is great...entry must be made with this 4 point risk mange system,because only problem is its not a leading stock( untill reach 2nd target) in its peer company
good luck entry....
if it goes as planned (2week) then will discuss future strategy on this entry, how to hold long time
NBCC making Cup and Handle PatternThe chart you've shared is a technical analysis of the NBCC (India) Ltd. stock on a weekly timeframe. Here's an interpretation and analysis based on the chart:
1. **Chart Pattern**:
- **Cup and Handle Pattern**: The chart appears to show a "cup and handle" pattern, which is a bullish continuation pattern. The cup is formed from 2020 to 2024, followed by the handle.
- **Upward Channel**: The stock has been moving within an upward channel since 2020, indicating a consistent upward trend.
2. **Price Movement**:
- **Recent Performance**: The stock recently broke out from the handle portion of the cup and handle pattern. This breakout is generally considered a strong bullish signal.
- **Support and Resistance**: The stock price is currently around 158.11 INR. The support level seems to be around the lower bound of the channel, and resistance around the upper bound.
3. **Volume**:
- **Volume Analysis**: The breakout is accompanied by significant volume (90.448 million), which adds to the credibility of the breakout.
4. **Projection**:
- **Target Price**: The projection based on the chart indicates a potential target price of 500 INR. This target is calculated based on the height of the cup pattern added to the breakout point.
5. **Trend Analysis**:
- **Bullish Trend**: The overall trend is bullish, supported by the breakout from the cup and handle pattern and the upward channel.
- **Potential Pullback**: There may be potential pullbacks or corrections, but the overall long-term trend remains upward as long as the price stays within the upward channel.
In summary, the NBCC stock chart suggests a strong bullish trend with a significant potential upside. The breakout from the cup and handle pattern, combined with high trading volume, indicates a likely continuation of the upward trend. However, as with all technical analysis, it's important to consider other factors and perform further research before making investment decisions.
HAVELLS MAKING CUP AND HANDLEPATTERN- Havells has stayed in consolidation for long time and the stock moves in a range bound setup moreover this time it has broken 2 crucial resistance which were at 1398 and 1430 and now is heading to breach lifetime high
ZENSAR TECH LOOKS GOOD FOR A SWIIIIIIINGGGGGGGThe stock gave a curcial breakout recently from the 576 levels and retested it making a tiresome consolidation however the donwtrend about to diminish
The stock has been forming a cup and handle pattern post breakout which is a good sign
Target - 773 short term
934 long term
Indegene looks good to go long-> Cup and handle pattern
-->IPO base
About the company:
It is a digital-first, life sciences commercialization company. It helps biopharmaceutical, emerging biotech and medical device companies develop products, get them to the market, and grow their impact through the life cycle in a more effective, efficient, and modern way.
AMARAJA BATTERY FORMING CUP AND HANDLEtHE STOCK has formed a cup and handle pattern and has the potential to reach lifetime high of 1049 moreover stock has been through an excellent quarter with robust sales and high level peformance short term target for the same will be the width of the cup which is 957
TRBUSDT: Will This Bullish Breakout Lead to Massive Gains?Yello traders! Are you ready to seize this potentially lucrative opportunity? TRBUSDT has broken through a resistive trendline, showing Internal Change of Character (I-CHoCH) towards a bullish market structure. This significantly increases the probability of a bullish move.
💎 Currently, the price is forming a cup and handle pattern, which is inherently bullish. For confirmation, we need a breakout and candle closing above the resistance zone.
💎 In case of a pullback, look for a bounce from the demand level. Confirmation requires an I-CHoCH on lower timeframes.
💎 If the price breaks down and closes below the demand level, it will invalidate the current bullish pattern. It’s better to wait for more favorable price action in this scenario.
Stay vigilant, and keep an eye on these key levels to maximize your trading opportunities. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Multi year breakout with good volumesMulti year breakout with good volumes.
This breakout occured after a good consolidation.
Cup pattern breakout with good volumesCup pattern breakout with good volumes.
This is a multi year breakout with good volumes.
Watch closely as NBCC appears poised for further gains following this breakout.
Trendline breakout on weekly chartThe stock has experienced a trendline breakout. This trendline has consistently produced higher highs throughout its duration.
Additionally, there was a breakout from a cup pattern accompanied by significant volumes.
These bullish technical signals on the weekly timeframe indicate potential for further upward movement. Keep an eye on the stock's performance for confirmation of this bullish trend.
Multi year breakout After a multi-year breakout, SUMMITSEC consolidated for an extended period. Now, a breakout from this consolidation has occurred, indicating potential for significant upward movement.
Watch closely as SUMMITSEC appears poised for further gains following this breakout.
M_MFIN positiveReasons for Bias:
Trend Reversal: The stock has shifted from a bearish to a bullish trend.
Strong Trend Momentum: There is strong momentum driving the trend, indicating sustained buying interest.
Patterns Involved:
-Cup and Handle (Monthly Timeframe): The stock is forming a cup and handle pattern on the monthly timeframe, which is a bullish continuation pattern suggesting further upward movement.
-Flag (Weekly Timeframe): On the weekly timeframe, the stock is forming a flag pattern, indicating a potential continuation of the recent bullish trend.
These technical patterns and strong trend momentum support a bullish bias for the stock.
Bayer CropScience Ltd: Cup & Handle PatternBayer CropScience Ltd: Cup & Handle Pattern
59 % upside potential
Price breaksout through neckline with huge volume and trading above it.
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
BANDHAN BANK FORMING A LONG TERM ROUNDING BOTTOMBANDHAN BANK is at a support turned resistance @ 207-212. Also looking at the Long Term chart a Rounding Bottom formation can be seen with a High of 263.
First it has to break the resistance zone @ 207-212 convincingly for a 1st Target of 260.
Keep on your Watchlist.
GICRE - Potential C&H pattern - Best above 400/450.General Insurance - Potential C & Handle Formation on weekly chart. All eyes are on Indian Budget for reduction of GST on Insurance and making it affordable.
One can take small tracking qty at 400 and rest after the breakout i.e. 450.
Target 630 & Above that Open sky.
Stop Loss - 350
Disclaimer : Educational Content. Please do your own research !!
BAJAJ CONSUMER! Looks in a very Good Position.- Simple Cup & Handle Pattern (Weekly)
- Good Stock P/E - 24.6 and ROE - 19.2
- RSI showing Strength.
- 52 Week ATH (Breakout & Retest Done)
- SmallCap ~3000 Cr Evaluation
If reaches target with momentum, more upmove would be possible.
Levels are marked in the chart.
For Educational Purposes only. Not a buy/sell advice.
INDRENEW -Can it be Potential C&H ? Risky Stock- Best above 17 INDRENEW - Recently raised money through Rights issue and Promoters participated as well. While the Stock took a beat and felled, It took support near its previous resistance. i.e. 12.80 . One may take small risk above 15 and fully above 17.
Strict SL- 12.80 !!
This week the stock has moved up and may move by up by Weekend. It appears to have highest ever volumes seen in its entire span.
Word of Caution : Don't jump and enter right away. Wait the stock to prove itself i.e. above 15 and don't put more than 1% of your trading capital considering its a penny stock. If the stock goes down, honor your SL and simply exit this stock.
Disclaimer : Its an Educational Content to have patience and enter at right price. Please do your own research !!.
Sugar index breakout 2.15YA custom index made by RENUKA, EIDPARRY, BALRAMCHIN, TRIVENI had a breakout with volume after 2.15Y. Cup & handle pattern. 22% upside potential still there.
