The OMXS30 is expected to make a significant move of over 5,000 points. This is due to the recent breakthrough of a resistance level that has been in place for almost 2 years, as well as the formation of a cup and handle pattern. It is highly likely that the index will reach the top by covering the depth of the cup. We will have to wait and see how this unfolds.
Zensar Technologies Ltd Breakout Cup and Handle breakout Can give 15 - 20% RSI also bullish.
just look at volume all time high elections are coming so political parties will spend so much money in advertisements and this will directly benefit to these media houses.
Tata Chemicals- Handle formation in progress. Need to break the resistance of 1070 which is also clashing with the trendline resistance. Once broken target of 1200 can be easily reached. Note: This is for educational purpose only.
3I infotech- After a small cup and handle breakout in weekly. it formed a flag pattern and today this breakout is happening for the initial target of 60.. then in the longterm bigger targets until 220 is there which will take time and will be shared later once it reaches 120. Note: This is for educational purpose only.
TCS- On the process of forming a big cup in weekly. to complete the big cup it should break the parallel channel. To break the parallel channel, it formed a Rounding bottom in daily, the target of which is matching with the weekly cup top of 4039... 10 percent profit can be made in short term from the CMP. Note: This is for educational purpose only.
On Monthly chart Eris Life has created Cup and Handle pattern Possible targets T1 - 878 T2- 1000 T3 - 1087 T4 - 1197 SL - 600 on monthly closing basis
Dalmia Bharat is making inverse head and shoulder and also a cup and handle formation. We can see price movement to 2900-3700. We can see a inverse Head and Shoulder pattern and a technical target pf 2900. And if we a longish Cup and Handle pattern, once we get confirmation, we can see price moving to 3700. Other factors: 1. RSI is above 60 2. MACD is...
LT made cup & handle pattern on an hourly chart with decent OI. Risk:Reward = 1:2.5 Could be bought with mentioned stoploss & target.
The stock recently experienced both a multi-year and cup pattern breakout. Afterward, it retraced to retest the breakout zone and exhibited a bounce-back with strong volumes. Additionally, it broke a short-term trendline on the daily chart. This sequence of events, including the breakout, retest, and subsequent rebound with increased volumes, suggests a robust...
Monthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock. We have seen an ATH breakout already and a consolidation/retracement is bound to happen. The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105 Keep this stock in your watchlist. For investment,...
ICICIGI BO from a large weekly base, volumes are there, this BO is happening post a gap up which happened a few weeks back. Good candidate to move ahead and follow from here.
Advanced Enzyme has made a consolidation breakout. Breakout is supported with high Volume, which is almost 4 times of its average volume. The breakout is also made Cup & Handle pattern over a period of almost 2 years. This pattern is generally quite reliable for the further hike in stock price. Breakout level : 350 CMP : 360 SL: 345 Targets : 410 /...
Indiabulls Housing Finance Ltd , Cup and handle pattern breakout
Hdfclife c&h pattern breakout with huge volume and good rsi MACD crossover done near #target can be 760 educational idea only
Container Corporation is showing cup and handle pattern on daily chart. It has broken the patter with green candle and one more confirmation candle above that. Then with market pressure has come down. It has now again started an uptrend and once it crosses the neck, it should move to 820. MACD & Volumes and RSI (improving) are positive signs. Clean Chart, Easy...
Endurance tech- C&H breakout happening on weekly for the target of 2400. Buy only weekly candle close above 1750. Note: This is for educational purpose only.
Tata elxsi- After a wonderful c&h breakout, formed a bullish pennant in weekly and blasted today. Most probably it will close at the resistance of 8815 today. Good to buy during retracement if it happens for the target of 9400 and 10000