SunTV has broken out of cup & handle patterns. With rising volume, RSI and positive MACD, we can expect a rise in price. The next resistance looks to directly at 800+ on DTF. We can expect a target of 800+ here. For understanding when to consider a cup & handle breakout, please refer to my other suggestions or please send a msg and will happy to explain. "Clean...
On the monthly chart, the stock has recently undergone a noteworthy breakout from a cup pattern. Cup patterns are recognized by a rounded bottom formation, often signaling a potential bullish reversal in market sentiment. The significance of this breakout is heightened when observed on a monthly timeframe, as it provides a more comprehensive view of the stock's...
There's been a notable development in a cup pattern breakout with substantial trading volumes. This pattern is indicative of a potential bullish trend in the stock market. After the breakout, the stock underwent a retest of the breakout levels, a common occurrence in technical analysis. Interestingly, during this retest, we witnessed a significant move - the...
For Cams, 2700 was big resistance since last 7-8 months. Today it broke in daily chart with very good volume. Good to buy if it breaks today's high
- **Multi-Year Breakout:** - The stock has recently experienced a breakout, covering multiple years on the charts. - This implies a significant shift in the stock's long-term trajectory, often indicative of increased investor interest. - **Strong Volume Confirmation:** - The breakout was accompanied by substantial trading volumes. - Robust volume...
- **Multi-Year Breakout and Cup Pattern (Weekly):** - The stock experienced a significant breakout covering multiple years on the weekly chart. - Additionally, a cup pattern breakout occurred, indicating a potential bullish reversal. - **Volume Confirmation:** - Both breakouts were accompanied by substantial trading volumes. - This suggests strong...
Cup pattern breakout on monthly chart with good volumes. Stock has been in uptrend from the time of its launch.
GODREJIND trying to BO again from a long base. Biggest worry here is that volume is not heavy and this might breakdown easily as well and result in another failed BO. Keep an eye out on daily timeframe for volumes to see if it catches on.
WELSPUNIND came up in screener with huge volumes in past few weeks and we can see it approaching a huge base BO around 160. Definitely a stock to keep an eye out for as last couple of weeks its moved sideways and retained strength. Number of funds accumulating the stocks has also increased in past 2 quarters, giving the stock good momentum to breakthrough ahead.
ARVINDFASN BO on a large weekly base with decent volumes. Issue here is that this is a third attempt at breaking out and chart seems choppy which is not helping. This might whip back and forth, might be a good try to check daily charts for this to keep a tight SL. Regardless, good volumes, large base and price movement. Checks all 3 boxes to keep track of :)
Technicals: ➡️ trendline breakout ➡️ vcp ➡️ potential multibagger with 121% upmove Fundamentals: ➡️ staffing company that will have ⬆️revenue with easing of recession fears ➡️ 9% growth in revenue per employee ⬇️retail holding
TCI breaking out with higher than average volumes from a large weekly base. High volume this week moved the price ahead, looking for it to move more.
UNOMINDA BO out of long weekly base, volume is also higher than the past 20 W average.
Multi year breakout on weekly chart with good volume accumulation.
FDC near a long base BO, making a clear visible cup and handle pattern. Longer base, good volumes, this might take off near the BO area. Keep an eye our for next few weeks.
MARKSANS showing a beautiful chart with formation of a smaller weekly base post breaking out of a huge base as seen in the chart. The past week we witnessed another BO off this shorter base with good volumes. This stock might continue ahead keeping the BO line as support.
Cup pattern breakout on weekly chart with good volumes. Raise in volumes during formation of cup pattern.
Cup pattern breakout. Breakout on weekly chart after 1 year with good volumes. Consistently raise in volume. Stock retested breakout levels and bounced back with huge volumes.