Cup And Handle
2 patterns in one chart - LICHSGFINI can see two patterns in the chart. Price formed cup and handle and before it gave break out, then price has formed an ascending triangle.
723 - 727 is the support zone. Both patterns are bullish.
Buy above 730 with the stop loss of 724 for the targets 735, 741 and 748.
Sell below 718 with the stop loss of 724 for the targets 713, 708 and 701.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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NATCO PHARMA CUP AND HANDLE BREAKOUT AND RETESTThe stock has formed a beautiful cup and handle pattern on daily timeframe and has given a successful breakout from the same supported by the volumes as well moreover the stock is on its way to retest the crucial resistance zone which was 924 levels , in near term the stock can fall till 924 and reaching that levels would be a great time to buy also the stock has quite fair valuation and is available at PE of 19 also the OPM is highest ever which is 42% , the stock looks quite good for short and long term the targets for the same are 1073,1187 and 1345 in near future
Alok Industries - Forming Cup and Handle PatternThe script is currently at the support level . The Pattern seen is the Cup and Handle Pattern with Handle now at testing the support level ( See Big green Candle ) which is acting as a support here.
The Script has the potential to give break out and can easily scale to 58 levels from Here. It is unlikely go down from here due to bunch of candles formed in the last couple of weeks which again is acting as a support here.
JAYANT AGRO BREA-----KING OUT The stock is forming a complex inverse cup and handle pattern on the weekly timeframe additionally it has tested and breached crcuial resistance of 314 also the company is available at a decent PE of 17 however the fundamentals do not show any longlasting impact but still considering good volumes and great pattern the stock can give prolonged rally
TARGET 1 542
TARGET 2 1003
💎LEVER's cup & handle pattern suggests a bullish reversal.💎 Paradisers, #LEVER has formed a cup & handle pattern, which often signals a bullish reversal. If #LEVERUSDT manages to break out above the resistant zone, it could indicate a potential uptrend with targets towards the next resistance levels. However, confirmation of the breakout is crucial before making any trading decisions, so exercise caution at these key levels.
💎In the event of a pullback, we may anticipate a bounce from the Bullish OB, considering the overall bullish market structure.
💎Nevertheless, if the price breaks down below these levels without proper confirmation, it may be wise to refrain from immediate action and wait for clearer price action to emerge.
[Swing Trade]Mishtann Foods CMP 17.78Mishtann Foods has significantly increased its profit share in the last quarter, and the notable rise in FII holdings is quite intriguing. I believe the stock is undervalued. Additionally, it has formed a cup-and-handle pattern, suggesting a promising outlook. I suspect something promising is developing here, I plan to add this to my portfolio during any dips.
TECHM - Weekly AnalysisIn the Weekly Chart of TECHM ,
we can see that; it is about to give Cup & Handle breakout.
It has created a Halt candle near resistance. It might halt for one more week as a respect to the resistance.
Enter on breaking the Halt Candle's high with low as SL.
Expected momentums is shown in chart.
TATA STEEL MAKING A PERFECT CUP AND HANDLEThe stock has consolidated in a very long range from may 21 . 124 is a crucial resistance for it and has touched upon it for the 7th time . also the stock has followed a proper range bound trend earlier which arouses quite optimism about the stock. if the resistance is broken the immediate return could be of 15 % for short term