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Cup And Handle

INOX WIND READY TO CHANGE THE DIRECTION OF WINDThe stock has been in consolidation phase since 2015 and could not yield any significant returns however there has been a serious increase in volumes and momentum lately Also there has been a turnaround in the fundamentals , the company has turned profitable in recent quarters . There are 2 major patterns which are being visible in the chart 1) Rounding bottom which has been in formation since 2015 and has given a breakout recently which is a great sign also the target comes out to be 220 within few months 2) Cup and handle which has been formed freshly and the resistance for 166 has been breached recently also the target for same comes out to be 220
NSE:INOXWINDLong
by keshavmaharaj958
GALA: Can We Expect a Major Bullish Reversal? 🌟💎 Paradisers, #GALAUSDT has broken out of the resistive trendline and formed a cup and handle pattern, which increases the likelihood of a reversal from here. 💎 If #GALA breaks above the resistance zone and closes a candle above it, this will validate the cup and handle pattern, and we can expect a bullish move. 💎 In the case of a pullback, we can expect a bounce from the demand zone. 💎 However, if there is a breakdown of the demand zone, it will invalidate the cup and handle pattern and the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
MUTHOOT FINANCE FORMING CUP AND HANDLEThe stock has been forming a beautiful cup and handle pattern on the daily time frame moroever since november 2021 It is a strong resistance at the 1710 levels which has been tested thrice as indicated by the green upmarks It has quite storng bullish momentum which can lead it to the 2500 in no time and quite reliable pattern The industry PE is around 21 and the stocks PE is 17 which shows favourable valuation also EV/EBIDTA RATIO is 12 which indicates more reliabilty , there has been increase in sales and profits on QOQ basis however on YOY basis it has seen a slight decline also the cashflows are negative which arises serious concern for the company overall the company is available at a decent valuation and with great pattern which can yield some serious returns
NSE:MUTHOOTFINLong
by keshavmaharaj958