MPHASISBUY @ 2658.90 RS
TARGET 1@ 3006.35 RS
TARGET 2@ 3395.65 RS
BUYING CONFIRMATIONS: Cup with handle breakout with strong weekly closing
Overall expected returns are around 27.65 %
Cup And Handle
VIPCLOTHNG- Weekly AnalysisIn the Weekly Chart of VIPCLOTHNG,
we can see that, after rejection of big Cup & Handle, it holding position on Lowe trendline.
Decision making candle is made on trendline.
Enter on breaking its high with low as SL.
UFLEX - Weekly AnalysisIn the Weekly Chart of UFLEX ,
we can see that, it has multiple rejections at 280.
Take a small at 280 with 265 as SL
hold for 1:5 profits and exit.
EIDPARRY - Weekly AnalysisIn the Weekly Chart of EIDPARRY ,
we can see that, it has given rejection for Cup & Handle breakout.
Possible momentums are shown in chart.
MOTHERSON - Weekly AnalysisIn the Weekly Chart of MOTHERSON ,
we can see that, it is about to give Cup & Handle breakout which is also inside a Big Cup & Handle.
It might respect the Trendline and then give a momentum.
Cup and Handle Pattern breakout The stock has recently broken out from a cup and handle pattern, and this breakout was supported by good volumes. The cup and handle pattern is a bullish continuation pattern, and the breakout with strong volumes adds confirmation to the potential upward move.
Cup Pattern Breakout after 8 yearsThe stock recently broke out of a cup pattern, and what makes this breakout noteworthy is that it occurred after 8 years. Additionally, there was a multi-year breakout, and during the formation of the cup pattern, there was good volume accumulation.
This combination of a cup pattern breakout after a long consolidation period of 8 years, along with multi-year breakout and volume accumulation, suggests a strong and well-supported bullish move.
Weekly breakout after 2 yearsThe stock recently experienced a robust weekly breakout after a two-year period. Additionally, it presented a cup and handle pattern breakout, with consolidation at the resistance zone before the breakout. Considering the stock's longstanding uptrend, the cup pattern breakout can be viewed as a continuation of the bullish run.
This combination of a strong weekly breakout, cup and handle pattern breakout, and consolidation at the resistance zone enhances the overall bullish narrative.
Weekly breakout after 2 yearsThe stock recently experienced a breakout on the weekly chart, marking a significant event after a two-year period. The breakout was characterized by a strong bullish candle, indicating substantial buying interest and momentum.
BREAKOUT DIXON TECHNOLOGYBuy Dixon Technology At Cmp - 4859
Add More If Price Fall To 4370-4400
SL - 3950 ( Weekly Closing Basis )
Target - 6800
OMXS30 ~5k plus to moveThe 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 Zensar Technologies Ltd Breakout
Cup and Handle breakout
Can give 15 - 20%
RSI also bullish.
40% upside move possible before electionjust 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- Cup and handle breakoutTata 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- c&h, flag pattern, RB3I 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- RB or Cup formationTCS- 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.
Dalmia Bharat - Cup & Handle and Inverse Head and ShoulderDalmia 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 positive
Given the target is huge, we can expect some longer holding period.
"Clean Charts, Easy Charts"
Learning and Earning!!!
Cheers!!
STOCK OF THE SERIESLT made cup & handle pattern on an hourly chart with decent OI.
Risk:Reward = 1:2.5
Could be bought with mentioned stoploss & target.
Cup pattern breakout RetestThe 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 and well-supported bullish trend. The break of the short-term trendline on the daily chart adds further confirmation to the upward momentum. Traders and investors may interpret these technical signals as positive indications of potential sustained strength in the stock.
Investment pick- Marksans pharmaMonthly 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, stock can be added at CMP as well with buy on dips strategy.
Stock fundamentals:
Category-Midcap
Sector-Pharma
Industry-Pharma(Bulk drugs)
10 Year compounded profit growth:- 19%
Ratios at CMP:-
Stock PE:-19 ; Ind. PE:- 26
Debt to equity:- 0.07 (negligible)
ROCE:- 22%; ROE:-20% ; P/B:- 3.07; PEG:- 0.34
ICICIGI BO [Weekly]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.
Weekly breakout with VolumeAdvanced 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 / 480
Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit & learn from my market understanding. Please do your due diligence before making a trade.
HDFCLIFE C&H BREAKOUTHdfclife c&h pattern breakout
with huge volume and good rsi
MACD crossover done
near #target can be 760
educational idea only
