Reliance is making a cup pattern in the daily timeframe but has not given the breakout. you can add in the watchlist for the future purposes.
Trade logic: Simple horizontal level resistance breakout of 400 which is also the neckline of Cup and Handle pattern. Levels mentioned on chart. Stock has consolidated since long. We can expect quick upmove.
entry above the line stop below the line consolidation breakout
Geojit financial has shown cup and handle breakout from trendline. We have seen similar chart in Heromotorcorp where ATH levels have been breached. We might get to see a similar story in this stock. Do check out my Hero motor corp analysis as well. If you like my analysis, please like it and follow me for more such trading ideas.
BUY @ 568.00 RS TARGET 1 @ 604.90 RS TARGET 2 @ 714.65 RS BUYING CONFIRMATIONS: Rounding bottom & cup with handle breakout in a weekly timeframe Overall expected returns are around 25.98 %
Nifty Upcoming Target 22000 on Completion of Cup and Holder Pattern. This is a Chart Analysis and not a Buy or Sell Recommendation
Ride it till it is 5x - 10x. Commodity bull run just at your doorstep and this is gem of it.
Multi year breakout after 14 years with good volumes Cup handle pattern breakout with good volumes.
1. Multi Year Cup Pattern Breakout with good volume accumulation. 2. Good volume accumulation was done starting from the bottom of the cup formation 3. Good consolidation at the resistance level before breakout took place. 4. Ascending right angle triangle pattern breakout on daily chart.
A Cup and Handle pattern breakout accompanied by strong volume at the breakout level is a bullish signal. This pattern typically signifies a potential upward trend, with the consolidation (handle) preceding a breakout. Good volume at the breakout level adds confirmation to the pattern, suggesting increased market interest and potential for sustained upward...
A weekly cup pattern breakout with substantial volume signals a significant market development. The breakout is particularly noteworthy as it follows a period of solid consolidation around the resistance area. This suggests potential upward momentum and could be indicative of a favorable trading opportunity.
The stock recently experienced a breakout from a cup pattern, and this breakout was accompanied by notable trading volumes. This is often considered a positive signal, indicating potential strength and the beginning of an upward trend.
Cup pattern breakout with good volume. Good volume consolidation is seen from the bottom of the cup.
STOCKS has shown good c&h patterns bo good for long only for educational purpose not for recommdation
STOCK has given good breakout in c&h patterns only for educational purpose not for recommdation
In the Weekly Chart of OFSS , we can see that; slowly it is leading towards Cup & Handle breakout. it is respected the Trendline. Possible momentums are shown in chart.
In the Weekly Chart of GSPL , we can see that, slowly it is leading towards Cup & Handle breakout. Expected momentums are shown in chart.
In the Weekly Chart of GODREJCP , we can see that, it is near Cup & Handle breakout. Possible momentums are shown in chart.