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Cup And Handle

IndiaMart- Shining with Great Results -Best above 3228IndiaMART is India's largest online B2B marketplace, connecting buyers and suppliers across a wide range of products and services, primarily catering to small and medium enterprises (SMEs). Founded in 1999, the company has seen consistent growth, boasting a significant market share in the Indian online B2B classified space. Key points about IndiaMART: • Business Model: A platform where buyers can search for suppliers based on their needs, with features like product listings, supplier profiles, and lead generation tools. • Market Reach: A large network of both buyers and sellers across various industries, including manufacturing, construction, electronics, and more. • Growth Strategy: Focus on expanding its user base by attracting smaller businesses and then upselling them to premium subscription plans, coupled with continuous technological upgrades to enhance user experience. • Financial Performance: IndiaMART has reported consistent revenue and profit growth over the years, attributed to its strong market position and increasing adoption of online B2B commerce in India. • Investment Highlights: • Deferred Revenue: A significant portion of IndiaMART's revenue comes from subscription fees paid upfront by sellers, creating a stable recurring revenue stream. • High Return on Equity (ROE): The company historically generates high returns relative to its equity, indicating efficient use of capital. • Minimal Debt: IndiaMART operates with minimal debt, further enhancing its financial stability. Recent Developments: • Continued focus on digital marketing and improving the platform's search capabilities to better match buyers with relevant suppliers. • Expansion into newer sectors like services and international markets. • Incorporation of advanced data analytics to provide insights and targeted recommendations to users Chart Analysis : The stock is making potential Cup & Handle Pattern. With solid returns the stock is expected to outperform. One can enter above 3228 for target of 3725/4500 / 4800 with strict stop loss of 2840. Targets may take few weeks to months and i suggest to average up as it moves up Metric Q2 FY 2025 Revenue Growth - Revenue grew by 23% YoY, reaching ₹297 crore compared to ₹240.66 crore in Q2 FY2024 . Operating Leverage - The company benefited from stable operational costs, helping maintain a strong operating margin Margin Expansion - EBITDA margin improved, supported by cost control, with expectations of continued margin expansion . Debt Reduction- IndiaMart remains a debt-free company, focusing on cash flow management . Disclaimer : Educational Content. Please do your own research. If you like this analysis, please do boost this post.
NSE:INDIAMARTLong
by jain_geetesh
AFFORDABLE - Cup and Handle - Breakout - DailyThe chart you provided shows a **Cup and Handle** pattern in the stock **Affordable Robotic & Automation Ltd (BSE)**, which is a bullish continuation pattern typically suggesting the potential for a significant upward breakout once confirmed. ### Key Insights: 1. **Cup and Handle Formation**: - The rounded structure below forms the **cup**, which indicates a consolidation phase followed by a breakout. - After the cup's formation, a small **pullback** occurred (handle), which is typical before a breakout. - The breakout happened when the price surged above the **702.90** level (marked on the chart), but it has now slightly pulled back to **767.55**. 2. **Measured Move Target**: - The chart measures a potential **41.73% move** (target around 994.50 INR) and a larger potential move of **71.61%** from the breakout level, showing a possible price target of **1,056 INR** if the bullish momentum continues. 3. **Support and Resistance**: - **702.90 INR** acts as the key support level, coinciding with the cup's breakout point. - The next significant support is at **610 INR**, which could act as a safety zone in case of a deeper pullback. - On the upside, the previous high near **851 INR** could act as initial resistance before reaching higher targets. The bullish volume spikes during the breakout and handle formation suggest strong buying interest, and if the price holds above key support levels, it could resume its uptrend toward the higher targets.
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BSE:AFFORDABLELong
by VCharts_TA
1
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals
TilakNagar Industries - Cup & Handle BreakoutTilakNagar Industries has given a breakout of Cup & Handle with good volumes. This is heading to 400+ as first target. Other factors: 1. Breakout of Cup & Handle and then retested but with lesser volumes shows strongness of stock. 2. RSI is good and moving towards above 60 3. MACD is becoming positive 4. One of the best Quarter results 5. Becoming a debt free company by March'25 6. New launches in next 18 months 7. Venturing into luxury segment as well. Keep following @cleaneasycharts as we provide Right Stocks at Right Time at Right Price. Cheers !!!
NSE:TILong
by Cleaneasycharts
JYOTISTRUC -Multiyear BreakOut- Wkly -Cup and HandleThe Jyoti Structures Ltd. (JYOTISTRUC) chart you provided indicates a cup and handle pattern. This is a bullish continuation pattern, often signaling further upward momentum after a period of consolidation. The setup on this weekly chart is as follows: The cup portion shows a rounded bottom that has formed over a long period, spanning several years from 2015 to 2023, reflecting a reversal of the downtrend that began around 2015. The handle portion represents the current consolidation phase after the stock attempted to break above the ₹32.53 level, which is acting as a resistance zone. The breakout point for the cup and handle pattern is around ₹32.53. If the stock price closes above this resistance level with significant volume, it could confirm a breakout, leading to further gains. The height of the cup (around ₹31.48) from its low suggests a potential target of doubling the price from the breakout point, which could push the stock towards the ₹60-65 range. A sustained increase in trading volume further supports the bullish outlook, indicating growing investor interest. However, a failed breakout or drop below the handle's lower support near ₹24.11 could invalidate the pattern and lead to a pullback. Keep an eye on the breakout confirmation before making decisions.
NSE:JYOTISTRUCLong
by VCharts_TA
Arvind Fashion - 2 Cup & Handle Patterns!!Arvind Fashion has given breakout of Cup & Handle pattern on weekly time frame. If you observe there is a smaller cup and handle pattern as well in the larger cup & handle pattern. We can see price moving towards our targets of 560-685-950+. Other factors: 1. Weekly volume is great 2. RSI is +ive 3. Fundamentally company is doing great - from loss making to profit making, new stores, etc. Keep following Cleaneasycharts - Right Stock at Right Time at Right Price!!! Cheers!!!
Editors' picks
NSE:ARVINDFASNLong
by Cleaneasycharts
3
Parag Milk Foods - Trend Line BO & CUP & Handle in formation Parag Milk Foods is one of the few listed companies in milk space. With strong presence in Cheese & Ghee segment, this stock should give fabulous returns. Other factors: 1. Weekly trend-line Breakout 2. Cup & Handle Formation on weekly time frame 3. Volumes are steady 4. Price is respecting 20 EMA 5. Future growth prospects looking good. Keep following @Cleaneasycharts as we provide - Right Stock at Right Time at Right Price !! Cheers!!!
NSE:PARAGMILKLong
by Cleaneasycharts
CGPOWER -Cup and Handle -Breakout - DailyThe chart for CG Power and Industrial Solutions Ltd. shows a clear Cup and Handle pattern, which is a bullish continuation pattern. This is confirmed by both price action and volume. Below is a breakdown of the technical and fundamental aspects of the stock. Technical Analysis: Cup and Handle Pattern: The chart clearly depicts a Cup shape, where the stock gradually moved lower and then formed a rounded bottom. The Handle follows a smaller, tighter consolidation just before a breakout. A breakout from the handle suggests a potential continuation of the previous uptrend, which has already been confirmed by a move above 814.40 INR. Volume: There is an evident volume spike during the breakout from the handle, indicating strong buying pressure, which is a key confirmation for this bullish pattern. This increasing volume during the breakout is essential to validate the move upward, and it suggests a likely continuation of the rally. Price Targets: The measured move from the bottom of the cup to the resistance (around 136.25 INR) is projected upwards from the breakout point. The first target is set around 919.25 INR, which is approximately 17.42% above the current breakout level. An extended target can be projected beyond this, but the 919.25 INR level acts as the immediate resistance. Support Levels: 782.45 INR is the key support level, acting as the breakout point of the handle. 643.15 INR is a more extended support level based on historical price action. If the stock retraces, this level might be tested. Trend: The overall trend is bullish, supported by the stock’s higher highs and higher lows. The recent consolidation was necessary for the continuation of the uptrend. Risk Management: A stop-loss can be placed below 782.45 INR or 643.15 INR, depending on risk tolerance. Fundamental Analysis: Company Overview: CG Power and Industrial Solutions Ltd. is involved in manufacturing electrical equipment and industrial solutions, which includes transformers, switchgears, and motors. With increasing investments in infrastructure and industrial sectors, the company stands to benefit from both domestic and international growth. Financial Health: The company has seen improved financial performance in recent quarters, with growing revenues and improved margins due to operational efficiencies. Key financial metrics like Return on Equity (RoE) and Net Profit Margin have improved, signaling strong financial health. Sector Outlook: The power and industrial solutions sector is expected to witness strong demand, driven by investments in infrastructure and renewable energy. Government policies encouraging industrial expansion and power grid modernization further support a bullish outlook for companies like CG Power. Recent Developments: Recent earnings reports have indicated significant improvements, and management’s forward guidance has been positive, hinting at sustained growth in the upcoming quarters. Conclusion: Technical Outlook: The Cup and Handle pattern suggests a potential rally towards 919.25 INR, with strong buying interest indicated by volume spikes. Fundamental Outlook: The company's fundamentals are sound, with increasing revenues, improved profit margins, and a favorable industry outlook. The stock has a bullish setup both technically and fundamentally, making it attractive for medium to long-term investors. However, appropriate risk management is essential, especially around key support levels.
NSE:CGPOWERLong
by VCharts_TA
Cup and Forming HandelThe chart of Asian Paints is forming a textbook "Cup and Handle" pattern, which typically signals a bullish breakout after the handle completes. The rounded cup portion shows a period of consolidation, followed by a slight pullback in the handle. If the price breaks out above the handle resistance, this can be a strong buy signal, as it suggests upward momentum with potential new highs on the horizon. However, traders should remain cautious due to ongoing geopolitical tensions, which could impact global markets and cause sudden volatility. It's important to adjust stop-losses and manage risk accordingly.
NSE:ASIANPAINT
by RZR22
PPLPHARMA - Cup and handle - WklyPPLPHARMA **Piramal Pharma Ltd. (PPLPHARMA)** Chart to show a **Cup and Handle** pattern, a common bullish continuation pattern. This pattern, along with volume and price targets, provides clues for potential upward movement. ### Key Elements: 1. **Cup Formation**: - The rounded bottom (cup) suggests a period of consolidation after a downtrend. This shows that selling pressure has eased, and the stock is in accumulation. - The price retraced by **84.36 INR (135.58%)** from its low, marking the depth of the cup. 2. **Handle Formation**: - The chart shows a smaller, shallower pullback forming a handle near the right side of the cup. This is a sign that buyers and sellers are testing support before the potential breakout. - The handle represents a consolidation before the next move up, and the breakout typically occurs once the stock clears the high of the handle. 3. **Measured Move Targets**: - The height of the cup (around **105.55 INR**) is used to project price targets. - The first target is set at **243.99 INR**, and the ultimate target is projected at **272.20 INR**, marking a **63.30%** rise from the breakout point. 4. **Volume**: - There's an increase in volume near the breakout, which typically confirms buying interest. - Volume is one of the most critical indicators when confirming a breakout from a Cup and Handle pattern, and this shows strength in the bullish move. 5. **Support and Resistance Levels**: - **146.90 INR** and **167.28 INR** serve as strong support levels. ### Cup and Handle Analysis: - **Bullish Bias**: The Cup and Handle pattern is a continuation setup. After the handle formation, a breakout above the handle's resistance line (which seems to have already occurred) could lead to a strong upward move toward the projected targets. - **Price Targets**: - **Immediate Target**: **243.99 INR**. - **Extended Target**: **272.20 INR**. - **Risk Management**: A potential stop-loss could be placed below the handle at **216.13 INR**, which represents key support after the breakout. The stock looks bullish in the medium term, but you may want to watch for volume confirmation during the breakout and set up appropriate risk management in case of reversals. Let me know if you'd like further details!
Editors' picks
NSE:PPLPHARMALong
by VCharts_TA
3
META - Cup and Handle - Daily - LongThis chart appears to be for Meta Platforms, Inc. (META) and features a technical analysis of the stock price movement on the daily timeframe. Key components: 1. **Cup and Handle Pattern**: A bullish technical pattern is formed in the chart, indicating potential continuation of the uptrend. The "cup" is the rounded bottom, and the "handle" forms a consolidation before the breakout. 2. **Breakout**: The stock seems to have broken out of the handle's resistance zone, pushing higher, which confirms the bullish breakout. 3. **Price Targets**: Price targets are marked above the breakout: - One at $638.55, which could be the result of projecting the height of the cup from the breakout level. 4. **RSI Indicator (Relative Strength Index)**: The RSI is around 79.40, showing the stock is in overbought territory, which could mean some consolidation or pullback before the next move. 5. **Volume**: A notable volume spike occurred during the breakout, adding further confirmation to the bullish momentum. This setup suggests continued bullish momentum, but overbought conditions on the RSI might lead to short-term corrections.
NASDAQ:METALong
by Vem_TA_Charts
JPPOWER - Risky - Triangle BO -Wkly- Near Multiyear BOJPPOWER -Risky bet - The Jaiprakash Power Ventures Ltd. (JP Power) weekly chart shows significant bullish momentum after a prolonged period of accumulation. Here’s an analysis based on the chart you provided: ### 1. **Cup and Handle Formation** - **Cup Formation (2017-2023)**: The chart clearly shows a large **cup pattern**, which is a bullish continuation pattern. It started forming around 2017 and completed in 2023. The depth of this cup indicates a long consolidation phase, with strong accumulation at lower levels. - **Breakout**: JP Power broke out of the cup’s resistance around the ₹10.71 level, leading to a sharp upward move. ### 2. **Handle and Continuation** - The handle formation was brief and followed by another breakout, confirming the strength of the pattern. The breakout from the handle shows increasing volumes, a strong bullish sign. ### 3. **Current Consolidation in Triangle** - After the breakout, the stock is currently consolidating in a symmetrical **triangle pattern** between ₹16.63 and ₹23.78. - **Support**: The lower bound of this triangle is around ₹16.63, which also coincides with a previous resistance level. - **Resistance**: The upper bound of the triangle is near ₹23.78, which could act as the next resistance zone. - A breakout above ₹23.78 could lead to a continuation of the bullish trend, possibly taking the stock higher. ### 4. **RSI and Momentum** - The **RSI** (Relative Strength Index) at the bottom of the chart is hovering in the bullish range (above 50), but not yet in overbought territory. This indicates the stock still has room for upward movement. - The recent bounce in RSI suggests that buyers are stepping in to support the stock at current levels. ### 5. **Volume Analysis** - There is a noticeable increase in **volume** during the breakout phases, which indicates strong buying interest. The volume spikes during the key breakout confirm the strength of the move. ### 6. **Targets and Projections** - The measured move from the **cup and handle** pattern, calculated from the depth of the cup (approximately ₹10.71), projects a potential upside target around ₹31.80 in the longer term, which aligns with a previous high seen in 2015. - Near-term resistance levels could be ₹23.78 and ₹31.80 if the triangle breaks to the upside. - Support levels: If the triangle breaks down, the stock might find support around ₹16.63 or even as low as ₹11.00. ### Conclusion: - **Bullish Outlook**: The chart shows a long-term bullish trend, especially after the breakout from the cup and handle pattern. However, the stock is currently in a consolidation phase and traders should watch for a breakout above ₹23.78 for further bullish confirmation. - **Risk Management**: Key support levels to monitor are ₹16.63 and ₹11.00 in case of any pullbacks.
NSE:JPPOWERLong
by VCharts_TA