In the Weekly Chart of JKCEMENT , we can see that; it has given Cup & Handle breakout. Let it retest. Enter on retest at 3243 with SL as 3173 and Target as 3533. 1:4 Risk can be achieved by booking profits at 3533.
In the Weekly Chart of PNCINFRA , we can see that; it has given Cup & Handle breakout and retested it. Enter at 338 with 325 as SL. wait for 1:4 or 1:5 and the exit. OR book profits at previous ATH.
In the Weekly Chart of GPPL , we can see that; it is near breakout. Keeping it simple, Enter on breakout of last candle's high (116.55) with low(111.85) as SL.
In the Weekly Chart of LSIL , we can see that; it has respected the near high value and coming down to retest the Cup & Handle . Enter only after it creates a Bullish candle on any 1 trendline of Cup & Handle.
In the Weekly Chart of GRASIM , we can see that; it has failed Cup & Handle Chart Patter. Bearish Engulfing is done at breakout level. Possible Momentum are shown in graph.
In the Weekly Chart of BHEL , we can see that; it is respecting the Inverted H&S as well as Cup & Handle. Possible momentums are shown in graph. lets see if it breaks or fails.
In the Weekly Chart of TATASTEEL , we can see that; after Cup & Handle breakout at 109-109 levels. it has now retested it. we can take an entry at 109 with 104 as SL with target of 137. other details are explained in chart.
In the Weekly Chart of GAEL , we can see that; it is in decision making state. Possible momentums are shown in chart. Stay Tuned if it forming Cup & Handle.
In the Weekly Chart of MAYURUNIQ , we can see that; 525-530 levels are resisted multiple times. Expected momentum is shown in graph.
In the Weekly Chart of HCLTECH , we can see that; after multiple times failure of Cup & Handle, It has given trendline breakout but it is not strong. let it retest and then wen achieve good Risk ratio award.
In the Weekly Chart of DABUR , we can see that; it is building a strong Price Action towards Cup & Handle breakout. Keep a watch for investing.
Buy @ 855 SL 841 (SL on 15 min. candle close) Target : 950 CMP @ 855 June 23, 2023 Chart by CA Savita Rehlan
Chart patterns look optimal for a short trade in Voltas Reasons 1. VOLTAS has been taking support at the its 10 YEAR OLD SUPPORT TRENDLINE (bright green line- from 2013 till now ) 2. Right now, it is in its downswing move inside the channel pattern. 3. [b ]Inverted Cup & Handle pattern too formed and given BREAKDOWN today (27/04/23) 4. As per...
Entry-cmp sl- 302 PSU banks are breaking out after long consolidations, first was bank of baroda, now canara bank three contractions within base, recent shakeout, plus volume drying up are signs that the stock is now ready to move higher
* Cup & Handle * Breakout from contra trendline * Decent volumes * RSI just crossing 50 * Support taken (handle) at 101.40 * Targets 1. 115 2. 130 3. 140 * Stop Loss 99.50 * Monsoon period. High activity and focus. * Good R:R
NLCINDIA Parallel channel breakout on Weekly Timeframe and Cup and handle breakout on Daily TimeFrame . Target 1 = 103.30 Target 2 = 107.75 Target 3 = 111.95 Stop loss = 92.60
Cup & handle in jswsteel in weekly timeframe. Waiting for breakout.
Attached: Daily Chart as of 16th June 2023 Holding above 182, a Target of ~ 200 is pending🎯📈 Rationale behind this Setup: - Observe Multiple Volatility Contractions as Price is forming a VCP - Strength on any Dip as it gets bought - Higher Highs and Higher Lows are intact - Price trading near 52 week high zone - PSU Banks are doing better than Private Banks so...