We will see a huge upside move in HDFC bank after the breakout of the very clear Cup and handle pattern.
Long HDFC Bank Above 1048
For Target 1060 1070+
Strict Stoploss 1038
***This is my personal view. Please take advice from your financial advisor before investing.
Cup & Handle pattern on Daily Chart of Voltas
Entry 1 - 570,
Entry 2 - 586 on breakout
SL - 520
Target - 720
* I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
(1) Upper Parallel Channel in Daily Chart,
(2) Cup n Handle Pattern in Daily Chart,
(3) Volume in Accumulation Phase.
(4) Volume as above average.
(5) Point of Control(P.O.C) : 55.25 as in Volume Profile.
(6) Rectangle Pattern in Daily Chart
Long opportunity:
Buy above Clear all Breakouts i.e. 62.50 :
Target : 87.25
Stop Loss : 50 (Day Close Base)
Risk is yours...
Jan 29 202 starts the formation of the first handle, cup forms from late feb to early june, currently consolidating and finishing the formation of the second handle; potential break out above $70
Still stock price travels on the handle portion (long handle)
Waiting for support from nifty side....
Also travel on Descending triangle pattern looks for short term bullish breakout....
Give u r likes and opinions...
Cup & Handle pattern forming on Hourly Chart of SHRIRAM TRANSPORT FINANCE. BUY 650, SL 599, Target - 700. Volume should be increasing as it moves towards the buying levels. Else it will be considered as a false breakout and trap the buyers. Cup Depth = 114. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Cup & Handle pattern forming on Daily Chart of Hindustan Unilever. BUY 2112, SL 2050, Target - 2280
Note: Risky trade enter closing bases.
* I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Cup & Handle pattern forming on Daily Chart of MARICO. BUY 355, SL 309, Target - 450/ATH. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
