Cup And Handle
UCAL Breakout with Huge Volume. Add to your WLKey Highlights
1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range.
2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation.
3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum.
Pattern Insights
📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green).
📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation.
🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative.
Trade Plan
📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels.
🎯 Targets:Target 1: ₹300
🎯Target 2: ₹338.50
❌ Stop Loss: ₹205 for long-term/positional trades.
💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range.
Key Reminder
1⃣ Market Condition: The overall market is currently bearish. Exercise caution.
2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario.
3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
Emmbi Industries Ltd Technically checks many boxes.Emmbi Industries Ltd.
📅 Timeframe: Daily Chart
Technical Observations
1. Cup and Handle Breakout:
2. Inverse H&S
3. Base Breakout
The stock has formed a classic Cup and Handle and an inverse Head and Shoulders pattern, which is a bullish continuation setup.
3. Three White Soldiers:
Post-breakout, the stock formed Three White Soldiers (three consecutive bullish candles), a strong bullish indicator.
Fundamental Snapshot
💼 Market Cap: ₹300 Crores (Small Cap).
📊 Current Price: ₹169.
📈 High/Low: ₹172 / ₹87.6 (52-week range).
📚 Book Value: ₹104 (Price to Book Ratio: ~1.63).
📉 PE Ratio: 29.6 (relatively higher compared to industry standards).
💸 Dividend Yield: 0.18% (low yield).
📊 ROCE: 8.43% (moderate efficiency).
📈 ROE: 6.03% (average return for shareholders).
Key Levels to Watch
-Entry Point: ₹172 or wait for multiyear Breakout level
175.
-Stop Loss (SL): ₹129.73 (Below the handle and
consolidation support).
🎯 Targets:
All-Time High (ATH): ₹262.45 (Medium-to-long-term target).
Strengths of the Setup
✅ Volume Confirmation:
Breakout backed by rising volumes, indicating strong market interest.
✅ Trend Alignment:
Stock is trading well above the 50-day and 200-day moving averages, supporting the bullish trend.
✅ Healthy Consolidation:
The long consolidation before the breakout reduces the chance of a false move.
Risks and Considerations
⚠️Microcap Company.
⚠️ Valuation Concerns:
PE ratio (29.6) is on the higher side, indicating the stock might be overvalued compared to peers.
⚠️ Dividend Yield:
At 0.18%, the dividend yield is minimal, which may not attract dividend-seeking investors.
⚠️ Broader market conditions (e.g., Nifty 50, Nifty 500) should support bullish sentiment 📉.
Trading Plan
📌 Buy Above: ₹172.0 or wait for breakout of 175
📌 Stop Loss (SL): ₹129.73 (Strictly on closing basis)
📌 Targets:
Medium-Term: ₹262.45 🎯
📊 Watch for a pullback retest of ₹159.00 with rising volumes. It can be an excellent re-entry or adding opportunity.
Do not forget to position size since the SL is extremely Deep. Risk management is the key here. Market conditions are bad and unpredictable. Please excuse Ttypos if any.
Aditya Birla Money -Multi year C&H breakout. Best above 160/170.Aditya Birla Money - Ready to take off and contribute to the Indian Economy.
The stock just formed cup and handle and gave a breakout above 155.
One can enter between 120 to 170 and average up.
Targets plotted on the chart can take between few months to years.
Strict stop loss - 122
Disclaimer : Educational content. Do your own research.
cosmosfirst now 930 looks nice with cup & handleHello Investor's,
If the stock sustains above the breakout level (800 to 850), followed by a higher potential target of 1280. However, a stop loss at 700 is suggested for risk management in case of a reversal.
Early entry set up watch out.
This setup is commonly used by technical traders to identify potential opportunities in the market.
TSLA - WKLY- CnH-Symmetrical Triangle This chart shows Tesla's price on a weekly timeframe with key technical features:
1. **Cup and Handle Pattern**:
- A bullish reversal pattern formed over the past months, with two rounded bottoms resembling a "cup" shape and a minor consolidation area.
- The breakout above the resistance level confirms the pattern.
2. **Measured Move Targets**:
- **First Target**: $406.69, reached with a 48.95% move.
- **Second Target**: $489.24 for symmetrical triangle reflecting a 72.66% rise from the breakout.
3. **Key Resistance and Support Levels**:
- **Breakout Zone**: Around **$271.73**, the neckline of the cup and handle.
- **Intermediate Resistance**: Around **$406.69**.
- **Current Price**: Trading near **$463.02**.
4. **Volume**: Strong upward volume during the breakout phase, reinforcing the bullish breakout.
If the momentum continues, Tesla's price may target the next resistance near **$489.24**. Let me know if you need further insights!
Creative Newtech. Good Patterns. Keep it on the Radar.
Good structure and pattern.
- Broke out of Darvas Box
-VCP and CnH on DTF.
Entry exits are mentioned in the chart.
Volume needs improvement. This could be a good positional candidate. keep it on the radar.
The chart shared is just for educational purposes. Please manage risks properly and position size accordingly.
NIFTY looks interesting. Ready for a Blast?-CnH in DTF.
-Candles are getting narrow.
A breakout from this small base can take it to 25k soon. On the other hand, a breakdown from this base can bring some weakness.
This is not a buy/sell recommendation. The chart shared is just for educational purposes.
Zen Technologies. Keep both your eyes on and keep it peeled. For:
- Darvas Box
-Vcp
-C&H
-Potential Stage 2 Breakout.
This is apt as a positional trade hence the SL is deep. Add 30-50% at breakout and add the remaining after a retest.
Please study the chart and do your research. Please position the size properly since the SL is deep.