Cup And Handle
IPCA LAB - Cup & Handle pattern!!!Ipca Lab is forming a cup n handle pattern. One small embedded in the bigger. We can expect smaller target, followed by a big target. Cup &handle pattern is a very strong bullish pattern, and we can expect a good upside here.
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!
Indiamart : A Good RR ratio tradeStock is making HH and HL structure.
It has recently broke the inverted H&S pattern and now retesting the same area.
Entering this time would give a good RR ratio with chances of high winning trade.
DISC: Only for educational purposes. Please consult your advisor before making any investment.
Salasar- Good upside seenSalasar is at a resistance today. Once the resistance of 52 is broken, quick upmove can be seen until 58 which will be the handle fomation completion. Once the 58 is broken salasar will be ahead for the target of Rs. 80.
Note: This is for educational purpose only. Not a trade recommendation.
JUBLFOOD: Channel Breakout & formed Cup & Handle PatternJubilant Foodwork has given a channel breakout and also formed Cup & Handle Pattern.
#Current Price - 545
#Expected Target - 651
#Resistance Based Targets
- Target 1 - 557
- Target 2 - 586
- Target 3 - 625
- Target 4 - 651
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 505 (For low risk tradders)
- Target 2 - 480.5 (For risk taking tradders)
Pattern is forming on daily chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
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Alkem Labs - Cup & Handle Breakout!!!Happy Diwali to all !!!!!
Alkem Labs has broken the neck from a cup &handle pattern. On daily basis it has shown 2 green candles post the neck breakout. We can expect a rise in price up to 30-35%. Other parameters:
1. RSI is above 60
2. MACD is making green histograms
3. Volume looks good
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!
Balkrishna Indutrues - Cup & Handle Breakout !!!!Balkrishna Industries - Cup & handle Breakout. There is one small embedded in a bigger one. We can expect first Target of 2722, and thereafter, a target of 3450; 34% increase of current price. Other parameters:
1. RSI - above 60
2. Volume increasing
3. MACD - will improve
"Clean Charts, Easy Charts"
Learning, Earning!!!
Cheers!!!
Union Bank - 2 Cup & Handle Pattern!!!Union Bank is making 2 cup and handle pattern - one embedded on another. Once its crosses 98-99 with good candle, we can expect first target of 131 (small cup and handle break-out) and second target of 180 (large cup and handle break-out). Other parameters:
1. Volume increasing
2. RSI above 60
3. MACD positive
"Clean Chart, Easy Chart"
Learing and Earning!!
Cheers!!!