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Cup And Handle

Rounding bottom pattern breakout with good volumesThe stock has recently experienced a rounding bottom pattern breakout, and this breakout was supported by strong trading volumes. Prior to the breakout, there was a period of substantial consolidation at the breakout levels, signifying stability and potential accumulation. Additionally, the stock had a multi-year breakout, also accompanied by notable trading volumes. Similar to the rounding bottom pattern, there was good consolidation at the breakout levels during this multi-year breakout. The combination of a rounding bottom pattern breakout with good volumes, coupled with consolidation at breakout levels, and a multi-year breakout, suggests a comprehensive and well-supported bullish scenario. Traders and investors may find these technical signals compelling, indicating potential sustained upward momentum in the stock.
NSE:SANDHARLong
by nsdtrading
Multi year breakout with good volumesThe stock has recently achieved a multi-year breakout, supported by significant trading volumes. In addition to this, there is a rounding bottom pattern breakout, and this breakout is notable for the strong volumes associated with it. During the formation of the rounding bottom pattern, there was good volume accumulation, indicating sustained interest and potential buying activity. These combined signals suggest a robust and well-supported bullish move in the stock. Traders and investors often find such multi-faceted breakouts, especially when accompanied by good volumes throughout the pattern formation, compelling indicators of potential sustained upward momentum. In summary, the multi-year breakout and rounding bottom pattern breakout, both with good volumes, along with volume accumulation during the pattern formation, present a strong technical case for potential positive movement in the stock. This may attract the attention of market participants looking for bullish opportunities.
NSE:SUMMITSECLong
by nsdtrading
Bullish breakout with good volumesThe stock has recently broken out of a rounding bottom pattern, and this breakout was supported by robust trading volumes. Importantly, good volumes were observed during the formation of the rounding bottom pattern, indicating sustained interest in the stock. Furthermore, the breakout occurred after a period of consolidation at the breakout level, adding strength to the bullish move. Consolidation often suggests a stabilization of price levels, and the subsequent breakout implies a potential shift in market sentiment. In summary, the rounding bottom pattern breakout with good volumes, combined with volume support during its formation and consolidation before the breakout, presents a compelling technical scenario. Investors and traders may interpret these signals as indicators of potential sustained upward momentum in the stock.
NSE:SHAKTIPUMPLong
by nsdtrading
Multi year breakout The stock has recently achieved a multi-year breakout, accompanied by substantial trading volumes. Additionally, it is displaying a rounding bottom pattern breakout with notable volume accumulation during the cup formation. The consolidation at the breakout level for approximately 2 months further adds to the positive signals. These technical indicators collectively suggest a strong bullish momentum for the stock. Traders and investors often find such multi-faceted breakouts and consolidations compelling, as they may indicate sustained upward movement. In summary, the multi-year breakout, rounding bottom pattern breakout with volume accumulation, and the period of consolidation contribute to a positive outlook. Market participants may anticipate a bullish momentum in the stock based on these technical signals.
NSE:JINDRILLLong
by nsdtrading
HINDALCO: Wao...! Lessthan intrinsic value&near to book value..!Why to choose: Aim for long term only. 1. Cup and handle pattern. 2. 19 months of accumulation period completed, 3. Compound sales growth 14% , 4. compound profit growth 16% , 5. below intrinsic value , 6. Stock is trading at 1.15 times its book value. Thanks for day trader Telugu and other Masters helped me to learn market. Note: this is only for educational purpose and I am not a SEBI registered advisor, please consult your financial advisor before investing ever hard earned money.
NSE:HINDALCO
by SudhakaraRatnaGupta
Positional_ Coal India1. Coal India has formed Cup and Handle Pattern. 2. I am expecting a continuation of uptrend after a RETRACE. 3. Recent downfall, for me, was just like a "profit-booking" after the results. 4. SL, Entry and Target to be posted afterwards. Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
NSE:COALINDIALong
by UnknownUnicorn7637383
6
Positional_ SBI Cards1. SBI Card has formed Cup and Handle Pattern. 2. I am expecting a breakout again after a RETEST. 3. SL, Entry and Target to be posted afterwards. Disclaimer: The views expressed in this article is of my own and you're solely responsible for any decision taken in the markets resulting in financial gains or losses. The analysis I've shared is just for informational and educational purposes. I already have open positions which will be squared-off after target is met.
NSE:SBICARDLong
by UnknownUnicorn7637383