MANNAPURAM has been respecting the neckline for a while, currently making cup and handle and handle testing 618 FIB level on the neckline. ALso moving in a Rising wedge. With GOLD rallying up it can breakout or do what rising wedges usually do.
HAVELLS stock price has formed a ascending triangle breakout at 520 in weekly chart, ready for target of 610+ by keeping stop loss at 490 just below short term support zone. 1. previously we can see the cup and handle breakout. 2. indicators are positive.
Bajaj Electric : Cup and Handle Pattern break out on Weekly chart
in weekly, cup and handle pattern formed , breakout happened with good volume, pattern tgt - 562, sl - 370. in daily, price closed above upper bb(big green candle) with good volume, and bb is expanding - sign of bullishness,
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Price action has formed cup&handle pattern and it is breaking out with high volume. I expect the price to move towards 275, 281 and 285 with the stoploss of 263. Swing trade.
GAIL has given a perfect cup & handle pattern breakout on weekly charts. It can touch 590-630 in coming months. Good for investment.
Its made cup and handle and handle in a triangle. Lot of shooting stars in the end.
Well,its actually a Cup and Handle pattern with yellow FLUTE as the neckline, awaiting the breakout/reversal. (in comment) AFter drawing the yellow zone, the price action to the left looked like a head and the yellow zone looked like a flute.So went ahead and drew the rest of Krishna :D
EXIDEIND price action retesting the resistance zone near 205. made cup and handle breakout at 205. go long for target of 240 keep stop loss below 190. from last three week stock is holding 193 has strong support zone.
It is been observed on the hourly chart that the price action is firstly forming a U shape Cup consolidation followed by a downward correction channel, Handle and now breaking above that zone which is indicating a bullish move ahead. T1- 940 T2-960 SL- 900
The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. counter standing strong and if markets supports can give a good return.
BERGEPAINT stock price has given a cup and handle breakout near 250. watch near 242/250 for target 310 stop loss below 230.
Price action has formed rounding bottom. It may retrace to 380 levels before starting to go up thus forming cup and handle formation. After breaking 390 - 395, it will move towards 415 and 430.
Investment Pick Rounding Bottom Breakout Buy on every dip till 60 levels for 160, 180, 260, 320 in long term.
The stock has given a weekly Cup and Handle break out and looks good going ahead, keeping a trailing SL of 159 the stock can do well.
It is forming Cup and Handle on weekly Charts. Also breaching Ascending Triangle breakout on Daily charts Daily Charts -