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Cup And Handle

ALPA -Cup and Handle -Breakout -Daily -Unusual VolumeAnalysis of ALPA Laboratories Chart: Cup and Handle Pattern: The chart shows a well-defined cup and handle formation, which is a bullish continuation pattern. The cup part indicates a rounded bottom consolidation, while the handle signifies a short-term correction or pullback before the breakout. The depth of the cup highlights a significant period of accumulation, followed by a breakout. The pattern started in early 2022 and was completed by 2023. Shakeout & Volume Analysis: The chart highlights that there was no significant volume during the breakout, leading to what is referred to as a "shakeout or false breakout." This indicates that weak hands were shaken off before the stock eventually surged. However, the chart marks a retest after the shakeout, during which the stock bounced back with huge volume. This volume surge indicates strong buying pressure and institutional accumulation, validating the breakout as genuine. Price Targets: Based on the cup and handle pattern, the projected price target for the stock is 170 INR, as noted in the chart. The price target calculation is typically done by measuring the depth of the cup and adding it to the breakout point, which appears to align with the chart's projection. Recent Breakout: The stock has recently broken out above a resistance level of 108.82 INR, with a strong surge in volume, indicating the potential for further upward momentum. The breakout shows clear upward movement, with the stock currently trading at around 132 INR, gaining around 19.28% for the day. Current Resistance and Support: Resistance is noted at around 170 INR, as the price target based on the breakout. Support lies around 108.82 INR, where the retest and bounce occurred, providing a strong support level going forward. Conclusion: ALPA Laboratories has shown a strong bullish breakout following a textbook cup and handle pattern. The significant volume during the retest and breakout indicates that the stock may have more upside, with a target of 170 INR in the coming weeks or months.
NSE:ALPALong
by VCharts_TA
NDL : Multi year - Cup & Handle Breakout on Monthly TFStock has given Multiyear breakout after a very long time. Technical chart pattern formed is: Cup & Handle Fundamentals are also improving. As it is a small cap penny stock, hence it may take years to be go up. DISC: It just a technical analysis and not a buy or sell recommendation in any form or way. Please consult your financial advisor before betting. Investments in the security is subject to market risks.
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NLong
by trade_opportunities
2
NLCINDIA - Cup and handle pattern- Multiyear Breakout**NLC India Ltd** monthly price chart with a **cup and handle pattern** visible. Here’s a breakdown of the analysis: ### 1. **Cup and Handle Pattern** - **Cup Formation**: The rounded bottom starting from the high in 2007 to the low in around 2011 shows a long-term downtrend that eventually bottoms out. This cup pattern reflects a long period of accumulation after a major selloff. - **Handle Formation**: After the cup formation, there is a consolidation phase that forms a handle. The recent price action shows a breakout from this handle. - **Implication**: This is a bullish continuation pattern. The breakout above the handle indicates that the stock could experience a significant upward move. ### 2. **Breakout Confirmation** - The price has broken out above the resistance at **₹257.50** and now continues towards the upper targets around ₹311.80 and ₹514. - **Target**: A measured move for this pattern suggests a potential target based on the height of the cup, which aligns with the ₹311.80 level. A further target can be considered by doubling the breakout height is ₹514. ### 3. **Volume Spike** - There’s a noticeable volume spike during the breakout, which confirms the strength of the upward move. The increasing volume signals strong interest and buying pressure, adding conviction to the bullish breakout. ### 4. **Support Levels** - The key support levels are at **₹257.50**, which was previously a resistance point and could now act as a support in case of a pullback. - The next significant support level is around **₹194** handle low. ### 5. **Conclusion** - The chart is bullish with the cup and handle breakout backed by strong volume. If the breakout sustains, the next key resistance zone is around ₹311.80, and beyond that, there could be higher targets based on the long-term trend. This setup is considered bullish, and further upward movement is expected if the breakout sustains.
NSE:NLCINDIALong
by VCharts_TA
VEDL - Cup and Handle breakout - wkly This chart shows the long-term price action of Vedanta Ltd stock from 2008 to 2024. Here's an analysis of the key points: 1. Overall trend: The stock has shown a long-term bullish trend, forming a large cup and handle pattern over several years. 2. Price levels: - Current price: 501.75 INR - Historical high: 506.75 INR - Historical low: 58.15 INR 3. Key resistance level: There's a significant resistance level at 428.35 INR, which the stock has recently broken through. 4. Cup and handle formation: - The cup formed from 2010 to 2021 - The handle formed from 2021 to early 2023 - The stock has now broken out of this pattern, suggesting potential for further upside 5. Recent breakout: The stock has broken above the previous resistance at 428.35 INR, which could now act as support. 6. Volume: While volume information is limited, there are some spikes visible in 2020-2021, possibly correlating with increased interest in the stock. 7. Price targets: - A longer-term target is shown at 797.59 INR, based on the cup and handle pattern projection 8. Current momentum: The stock is in a strong uptrend, having broken out of the cup and handle pattern and surpassing previous resistance levels. 9. Potential support: The previous resistance at 428.35 INR could now act as support if the stock pulls back. This chart suggests a bullish outlook for Vedanta Ltd, with the stock breaking out of a long-term pattern and setting new highs. However, investors should be aware that past performance doesn't guarantee future results and should consider fundamental factors alongside this technical analysis.
NSE:VEDLLong
by VCharts_TA
APOLLOTYRE -Cup and Handle Pattern - Breakout - DailyAPOLLOTYRE - Watchout for pull backs It looks like you uploaded multiple stock charts, including for M&M Financial Services Ltd (M&MFIN) and Apollo Tyres Ltd (APOLLOTYRE). Here’s a quick technical analysis based on the charts you provided: ### . **Apollo Tyres Ltd (APOLLOTYRE)** - **Cup and Handle Pattern with Double Bottom:** The chart displays a **double bottom within a larger cup and handle** pattern, which typically signals strong buying momentum. - **Breakout:** - The stock has broken through the resistance level of **₹558.00**, showing strong bullish momentum. - Next major target appears to be around **₹687.05**, a rise of around **23%** from the breakout point. - **Volume Spike:** There is a sharp increase in volume, signaling institutional participation and validating the breakout. - **Support Levels:** After breaking through **₹558**, it should act as a key support, with **₹533** serving as a lower safety net. Stocks showing bullish patterns with notable breakouts from critical resistance levels, indicating potential upside movements in the near term. The increase in volume on both charts further reinforces the potential strength of the breakout moves.
NSE:APOLLOTYRELong
by VCharts_TA
M_MFIN - Cup and Handle -breakout -Retest -DailyThe chart of M&M Financial Services Ltd (M&MFIN) indicates a classic cup and handle pattern forming, which is a bullish continuation signal typically pointing to a potential breakout. Key Observations: Cup and Handle Formation: The chart shows a rounded "cup" shape between mid-2023 and mid-2024, followed by a smaller consolidation resembling the "handle." This pattern suggests a period of accumulation, where selling pressure decreases, and a bullish breakout could follow. Resistance and Breakout Level: The breakout point from the cup's rim is around ₹314, as highlighted. The stock appears to have broken out of this resistance level, now trading above ₹340. Measured Move Target: Based on the pattern's depth, the chart marks a target price around ₹391.15, representing a potential 24.68% gain from the breakout level. The target is calculated by projecting the depth of the cup upward from the breakout point. Volume Activity: The volume profile indicates a healthy increase as the stock moves up, supporting the breakout. Volume typically spikes during breakouts from such patterns, confirming the validity of the move. In summary, if M&M Financial Services sustains its move above ₹314 with increasing volume, the next target of ₹391 becomes achievable. However, watch for potential pullbacks or false breakouts, which are common with this pattern.
NSE:M_MFINLong
by VCharts_TA
RIIL - Multiyear - Breakout - Retest - MonthlyReliance Industrial Infrastructure Limited - RIIL Here's an analysis of the key points highlighted in the chart: Monthly Chart 16-year high breakout: The stock has broken out of a multi-year consolidation pattern, indicating a significant bullish move. Multi-year breakout and retest: The price broke above a key resistance level around 1135 INR and then retested this level, confirming it as new support. Volume analysis: The chart notes "Good volumes while going up and low volume during pull backs." This is a bullish sign, as it indicates strong buying pressure during uptrends and weak selling pressure during corrections. Price pattern: The stock has formed an upward sloping channel (marked by yellow lines), suggesting a steady uptrend. Current price action: The stock is trading at 1384.90 INR, up 16.22% with a volume of 5.731M shares. Historical price range: The chart shows a low of 162.25 INR and a high of 3175.00 INR over the period displayed. Recent consolidation: After the breakout, the price has been consolidating in a tight range, potentially setting up for another move. Overall, the chart presents a bullish long-term view of the stock, with the recent breakout and volume characteristics supporting the potential for further upside. However, as with all technical analysis, it's important to combine this with fundamental research and be aware of potential risks.
NSE:RIILLong
by VCharts_TA
AMBER - Cup and Handle -Breakout - Good Vol -Daily Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a large cup and handle pattern over the past year, with the handle recently completing. 2. Recent Price Action: - The stock has broken out of the cup and handle pattern with a significant bullish move. - Current price is 4,994.65 INR, up 14.88% on the day, indicating strong buying pressure. 3. Key Levels: - A major resistance level at around 4,633.90 INR has been broken, which could now act as support. - The previous high of 5,187.95 INR (marked as "High" on the chart) has been surpassed. 4. Volume: - There's a substantial spike in trading volume coinciding with the breakout, supporting the bullish move. - The volume is significantly above the volume moving average, indicating strong buying interest. 5. Price Targets: - The chart shows a potential long-term target of 6,281.05 INR. - This target represents a potential gain of 35.42% from the breakout point. 6. Support Levels: - The previous resistance at 4,633.90 INR should now act as support. - There's another support level at 4,382.00 INR, which was the low of the breakout candle formation. - There's another support at 4,006 INR, which is low of the box formation. 7. RSI (Relative Strength Index): - The RSI at the bottom of the chart shows an uptick, confirming the bullish momentum. - However, it's not in extremely overbought territory, suggesting there might still be room for further upside. 8. Historical Context: - The stock has been in an overall uptrend since late 2023, with the cup and handle formation developing over this period. - The current move represents a significant breakout from this pattern. Overall, the chart presents a bullish outlook for Amber Enterprises (I) Ltd. The breakout from the cup and handle pattern, supported by high volume, suggests potential for further upside. The next key level to watch would be the target at 6,281.05 INR. However, traders should be cautious of potential short-term pullbacks due to: 1. The large single-day move (14.88%) 2. The stock being at all-time highs, which could lead to some profit-taking It would be prudent to watch for how the stock behaves around the current level and whether it can hold above the broken resistance at 4,633.90 INR in case of a pullback. The strength of the move and the volume supporting it suggest that any pullbacks might be seen as buying opportunities by the market.
NSE:AMBERLong
by VCharts_TA
SBFC -Consolidation breakout - Daily Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a series of cup and handle patterns over the past year, with the most recent one just completing. 2. Recent Price Action: - The stock has broken out of the latest cup and handle pattern. - Current price is 105.62 INR, up 19.78% on the day, indicating a significant bullish move. 3. Key Levels: - A major resistance level at around 98.03 INR has been broken, which could now act as support. - There's another potential resistance level at 119.00 INR, which appears to be the next target. 4. Volume: - There's a substantial spike in trading volume coinciding with the recent price breakout, supporting the bullish move. - The volume is significantly above the volume moving average, indicating strong buying interest. 5. Price Targets: - The chart shows two potential targets: a) 105.81 INR (recent high) b) 119.00 INR (longer-term resistance) - These targets represent potential gains of 13.85% and 21.34% respectively from the breakout point. 6. Support Levels: - The previous resistance at 98.03 INR should now act as support. - There's another support level at 77.24 INR, which has held multiple times over the past year. 7. RSI (Relative Strength Index): - The RSI at the bottom of the chart shows a sharp uptick, confirming the strong bullish momentum. - It's approaching overbought levels, which might suggest a short-term pullback or consolidation soon. 8. Historical Context: - The stock has been trading in a range between roughly 77 INR and 98 INR for most of the past year, with occasional breakouts. - The current move represents a significant breakout from this range. Overall, the chart presents a bullish outlook for SBFC Finance Ltd. The breakout from the cup and handle pattern, supported by high volume and a strong RSI, suggests potential for further upside. The next key level to watch would be the target at 119.00 INR. However, traders should be cautious of potential short-term pullbacks due to: 1. The large single-day move (19.78%) 2. The RSI approaching overbought levels 3. The proximity to the first target at 105.81 INR It would be prudent to watch for how the stock behaves around the 105.81 INR level and whether it can hold above the broken resistance at 98.03 INR in case of a pullback.
NSE:SBFCLong
by VCharts_TA
RELINFRA - Cup and Handle -Breakout- WklyRELINFRA - Cup and Handle -Breakout- Wkly This chart shows the price action of Reliance Infrastructure Ltd on the Indian National Stock Exchange (NSE). Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a large cup and handle pattern from 2018 to present. This is typically a bullish continuation pattern. 2. Recent Price Action: - The stock has broken out of the handle part of the pattern. - Current price is 316.30 INR, up 48.79% on wkly, indicating a significant bullish move. 3. Key Levels: - A major resistance level at around 300.25 INR has been broken, which could now act as support. - The previous high of 635.70 INR from 2017 could be a long-term resistance target. 4. Volume: - There's a notable spike in trading volume coinciding with the recent price breakout, supporting the bullish move. 5. Price Targets: - The chart shows a potential near-term target of 592 INR (labeled "Can test 592"). - This target represents a 96.73% move from the bottom of the cup formation. 6. Historical Context: - The stock experienced a significant decline from 2017 to 2020, forming the "cup" part of the pattern. - Since 2020, it has been in a general uptrend, forming the right side of the cup and the handle. 7. Recent Pullback: - The stock recently experienced a pullback (forming the handle of the pattern), which found support and has now broken out to the upside. 8. Volume Moving Average: - The recent volume spike is well above the volume moving average, indicating strong buying interest. Overall, the chart presents a bullish outlook for Reliance Infrastructure Ltd. The breakout from the cup and handle pattern, supported by high volume, suggests potential for further upside. The next key level to watch would be the target at 592 INR. However, as with any breakout, there's always a possibility of a pullback to test the breakout level (around 300 INR) as support. Traders should also be aware that such a large single-day move (48.79%) might be followed by some consolidation or profit-taking.
NSE:RELINFRALong
by VCharts_TA
Crest Ventures Ltd (CRESTVENT): Cup and Handle Breakout PotentiaThe weekly chart for Crest Ventures Ltd shows a potential cup and handle breakout, a bullish reversal pattern. Key factors supporting this bullish outlook include: Cup and handle pattern formation. Breakout from the handle formation. Bullish divergence in the RSI. Positive crossover of 50-day and 200-day moving averages. Trading Idea: Entry: Buy above the breakout level (around 588.45) with a stop loss below the handle formation (around 540.25). Target: 699. Stop Loss: 540 Disclaimer: This is for informational purposes only and does not constitute financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.
NSE:CRESTLong
by supertraders_india