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Cup And Handle

MOREPENLAB - Multiyear Breakout -Cup and Handle - MonthlyMOREPENLAB - Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart: Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices. Neckline: The neckline is marked at 74 will also act as stoploss. Target Price: The potential target price is around 146, if the pattern completes successfully. Volume: There is a significant increase in trading volume, highlighted by a large green bar. This often indicates strong buying interest and can support the bullish breakout. Overall, the chart suggests a positive outlook if the price breaks above the neckline with strong volume support. A multiyear breakout occurs when a stock or asset breaks out of a long-standing trading range, typically lasting several years. This breakout is significant because it often signals a major shift in market sentiment and can lead to substantial price movements. Here are some key points: Long-Term Resistance: The asset breaks above a resistance level that has held for several years. Volume: A multiyear breakout is often accompanied by a significant increase in trading volume, indicating strong investor interest. Technical Indicators: Various technical indicators, such as moving averages, RSI, and MACD, can help confirm the breakout. “21 yrs Multiyear breakout with good volume” suggests that the asset has broken out of a trading range that lasted for 21 years, supported by strong trading volume. This is a bullish signal indicating potential for further price appreciation. Fundamental Factors: Sometimes, fundamental changes in the company’s business, industry, or broader economy can drive a multiyear breakout.
NSE:MOREPENLABLong
by VCharts_TA
OSWAL GREENTECH LTD (OSWAL) - Cup and Handle PatternCup and Handle Pattern - Bullish Breakout: OSWAL GREENTECH LTD (OSWAL) OSWAL GREENTECH LTD is showing strong bullish momentum. RSI is in a bullish zone. - Trading over 21EMA - Strong Bullish Momentum - Trading 52 weeks’ High - Massive Volume Buildup Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:OSWALGREENLong
by supertraders_india
AMIORG -Cup and Handle pattern - WklyAMIORG -Cup and Handle pattern, which is a bullish continuation pattern often used in technical analysis to predict future price movements. Here are the key points: Cup and Handle Pattern: This pattern suggests a period of consolidation (the “cup”) followed by a slight dip (the “handle”) before a potential breakout to higher prices. Neckline/Support: The neckline is marked at 1429. This is a critical resistance level. If the price breaks above this level, it could confirm the pattern and lead to further gains. Cup Height: The height of the cup from the neckline is 598. This measurement can be used to estimate the potential price target if the pattern completes successfully. Volume: We see some volumes from 4 weeks indicate the strength of the buying.
NSE:AMIORGLong
by VCharts_TA
NAZARA - Cup and Handle breakout - WklyName - NAZARA Pattern - Cup and Handle breakout Timeframe - Daily and Weekly Volume - Very Good Cmp - 1049 Can test - 1390 SL - 989 Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart: Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices. Neckline: The neckline is marked at 989. This is a critical resistance level. Price breaks above this level, it has confirm the pattern and lead to further gains. Target Price: The potential target price is around 1390 if the pattern completes successfully. Volume: There is a significant increase in trading volume, highlighted by a large green bar. This often indicates strong buying interest and can support the bullish breakout. Overall, the chart suggests a positive outlook if the price breaks above the neckline with strong volume support. Price in range from 475 to 989 for 2.6 yr, Friday price closed abv that. Nazara Technologies reported its Q1 FY24 results, showcasing a strong performance. Here are the key highlights: Revenue: ₹250 crores, a slight dip from ₹254.4 crores in the same quarter last year1. Net Profit: ₹23.6 crores, marking a 12.9% increase from ₹20.9 crores in the previous year2. EBITDA: ₹24.9 crores, a 24.7% decrease year-on-year2. The growth in net profit was driven by a strong performance in the esports vertical, despite lower profits in the gaming segment and losses in adtech2.
NSE:NAZARALong
by VCharts_TA
2
INDUSINDBK - Cup and Handle breakout - DailyName - INDUSINDBK Pattern - Cup and Handle breakout Timeframe - Daily Volume - Avg Cmp - 1464 Can test - 1570 SL - 1450 Q1 FY 2023-24 Key Highlights Consolidated financial results o Net Interest Income (NII) grew by 18% YoY to ₹4,867 crores from ₹4,125 crores o NIM improved to 4.29% as at Q1 FY24 as compared to 4.21% as at Q1 FY23 and 4.28% as at Q4 FY23 o Quarterly Net Profit grew by 30% YoY to ₹2,124 crores from ₹1,631 crores o Deposits grew by 15% YoY to ₹3,47,047 crores from ₹3,02,719 crores o Gross NPA and Net NPA ratios improved to 1.94% and 0.58% from 2.35% and 0.67% YoY respectively and PCR at 71% as at June 30, 2023 o CRAR as on June 30, 2023 at 18.40% as compared to 18.14% on June 30, 2022 Always welcome for any comments with your feedback or give it a like if you find it useful. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:INDUSINDBKLong
by VCharts_TA
WIPRO -Cup and Handle breakout - DailyName - WIPRO Pattern - Cup and Handle breakout Timeframe - Daily Volume - Very Good Cmp - 550 Can test - 604 SL - 542 Here’s a summary of Wipro Ltd’s Q1 FY25 results: Financial Highlights Net Profit: Wipro reported a net profit of INR 3,003 crore, a 4.6% increase from the same quarter last year1. Revenue: The consolidated revenue for the quarter was INR 21,964 crore, which represents a 3.8% decline year-over-year (YoY)1. Operating Margin: The IT services operating margin improved to 16.4%, up by 40 basis points quarter-over-quarter (QoQ)2. Operational Highlights Large Deal Bookings: Large deal bookings for the quarter were at $1.2 billion, an increase of 31.1% QoQ and 9.5% YoY2. Voluntary Attrition: Voluntary attrition was at 14.2% on a trailing 12-month basis2. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, net income increased by 5.2%2. Outlook Wipro expects revenue from its IT Services business segment to be in the range of $2,617 million to $2,670 million for the next quarter2. Always welcome for any comments with your feedback or give it a like if you find it useful. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:WIPROLong
by VCharts_TA
1
CANFINHOME - Cup and Handle breakout - DailyName - CANFINHOME Pattern - Cup and Handle breakout Timeframe - Daily Volume - Very Good Cmp - 931 Can test - 1048 SL - 905 Here’s a summary of Can Fin Homes Ltd’s Q1 FY25 results: Financial Highlights Net Profit: Can Fin Homes reported a net profit of INR 109 crore, up from INR 93.15 crore in the same quarter last year1. Total Income: The total income for the quarter was INR 450.84 crore1. Disbursements: Disbursements during the quarter rose to INR 894 crore, compared to INR 401 crore in the year-ago period. Operational Highlights Loan Book: The loan book reached INR 32,505 crore, reflecting an 18% YoY growth. Clientele Base: The clientele base stood at 2.46 lakh2. Segment Contribution: The salaried and professional segment constitutes 73% of the outstanding loan book. Asset Quality Gross NPA: The Gross Non-Performing Assets (NPA) ratio improved, indicating better asset quality. Can Fin Homes has shown robust growth in profitability and loan disbursements, driven by strong demand for housing loans and improved asset quality. Always welcome for any comments with your feedback or give it a like if you find it useful. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:CANFINHOMELong
by VCharts_TA
PEL - Cup and Handle breakout -DailyPEL - Chart shows PEL gave Cup and Handle breakout on 23rd Aug and consolidating in range 1043 to 1089. 13th Sept gave breakout with good volumes. Based on Cup and Handle pattern, price can test 1350 by keeping stoploss at 1089 and 1043(breakout level). Name - PEL Pattern - Cup and Handle breakout Timeframe - Daily Volume - Good Cmp - 1119 Target - 1350 SL - 1089 and 1043 in.tradingview.com Here’s a summary of Piramal Enterprises Ltd’s (PEL) Q1 FY25 results: Financial Highlights Net Profit: PEL reported a net profit of INR 181 crore1. Net Interest Income (NII): NII increased by 34% YoY to INR 900 crore1. Total Revenue: The total revenue for the quarter was INR 4,162.9 crore2. Asset Quality Gross NPA: The Gross Non-Performing Assets (NPA) ratio stood at 2.7%1. Net NPA: The Net NPA ratio was 1.1%1. Operational Highlights Total Assets Under Management (AUM): The total AUM increased by 10% YoY to INR 70,576 crore1. Retail AUM: Retail AUM grew by 43% YoY, crossing INR 50,000 crore1. Cost to Income Ratio: The cost to income ratio improved, with operating expenses to AUM down by 104 basis points YoY to 4.6%1. Strategic Initiatives Securitization Program: PEL expanded its securitization program and raised a US$100 million social loan and a US$300 million sustainability bond1. Merger Update: The proposed merger of PEL with Piramal Capital & Housing Finance Ltd (PCHFL) is on track, with expected completion within the stipulated timelines1. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, the profit before tax (PBT) was INR 205 crore, down from INR 233 crore in Q1 FY241.
NSE:PELLong
by VCharts_TA
OBEROIRLTY - Symmetrical triangle Breakout - DailyName - OBEROIRLTY Pattern - Symmetrical triangle Breakout Timeframe - Daily Volume - Good volume Cmp - 1814 Target - 2140 SL - 1767 Always welcome for any comments with your feedback or give it a like if you find it useful. Analyst Ratings TradingView: Based on 21 analysts, the overall rating is neutral. The price target ranges from INR 1,175 to INR 2,350. Morningstar: Oberoi Realty is considered fairly valued with a current price of INR 1,784.64 and a fair value estimate of INR 3,142.13. Yahoo Finance: Provides detailed analyst estimates, including earnings and revenue projections. Key Metrics Price to Earnings (P/E) Ratio: 30.39 Price to Book (P/B) Ratio: 4.48 Price to Sales (P/S) Ratio: 12.43 Here’s a summary of Oberoi Realty Ltd’s Q1 FY25 results: Financial Highlights Net Profit : Oberoi Realty reported a net profit of INR 584.51 crore, an impressive 82% increase from INR 321.64 crore in the same quarter last year1. Revenue : The revenue for the quarter rose by 54% to INR 1,405 crore. EBITDA : EBITDA saw a significant rise of 72%. Operational Highlights Sales Volume: The company achieved strong sales volume, contributing to the overall revenue growth2. Project Launches: Successful project launches and ongoing projects have driven the financial performance1. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, revenue grew by 6.87%, although profit decreased by 25.83%3. Outlook The strong performance in Q1 sets a positive tone for the rest of the fiscal year, with expectations of continued growth driven by robust project pipelines and market demand.
NSE:OBEROIRLTYLong
by VCharts_TA
LICHSGFIN - Cup and Handle -Breakout - DailyLICHSGFIN - Chart gave Cup and Handle breakout with good volume. We can keep stop loss as low of the breakout candle which is 703. Based on the pattern target can be 723 range with time frame 3-6 months. Name - LICHSGFIN Pattern - Cup and Handle breakout Timeframe - Daily Volume - Good Cmp - 723 Target - 811 SL - 703 Fundamental analysis of LIC Housing Finance Ltd (LICHSGFIN): Company Overview LIC Housing Finance Ltd is a prominent housing finance company in India, providing loans for the purchase, construction, repair, and renovation of houses/buildings. It also offers loans to corporates for staff quarters and other lines of credit.
NSE:LICHSGFINLong
by VCharts_TA
LTTS - Watchlist - Ascending triangle - Cup and handle -Wkly LTTS - Forming Ascending triangle and cup and handle patterns on weekly charts. Need to close above 5890 for breakout, which can test 8000 levels in a 6 to 12 month timeframe. We can have it in watchlist for next week. Strengths The company is virtually debt-free. The company has a good ROE track record of 27.20%. The company has delivered average profit Growth of 23.19% in the last 3 years. The company has delivered good income growth over the past 3 years of 20.47%. The company has effective cash conversion ratio of 106.58. Always welcome for any comments with your feedback or give it a like if you find it useful. in.tradingview.com
NSE:LTTSLong
by VCharts_TA
2
Edelweiss - Multiple confluence points - Cup&handle, Flag patterEdelweiss is at multiple confluence points at monthly time frame - it has made cup & handle patter, flag pattern and a rectangular pattern. A breakout of the stock will definitely looking to move upwards. Other factors: 1. See volumes - building / consolidating 2. MACD is improving 3. RSI is above 60 4. Fundamentally also, good Q1 result, selling stake for 1.5k - 2k crores, improvement in processes and we can RBI restrictions moving away Keep in your radar "Cleaneasycharts" Right Stock at Right Time at Right Price!! Cheers!!
NSE:EDELWEISSLong
by Cleaneasycharts
1
NAZARA TECHNOLOGIES LTD (NAZARA)NAZARA TECHNOLOGIES LTD (NAZARA) appears to be in an uptrend. The price has been consistently making higher highs and higher lows, indicating bullish momentum. Additionally, there's a potential cup and handle formation, which is a bullish reversal pattern. Entry, Target, and Stop-Loss Entry: Breakout: Wait for the price to break out of the neckline of the cup and handle pattern with increasing volume. This confirms the bullish breakout. Target: Measured Move: A potential target could be based on the height of the cup and handle pattern. Measure the vertical distance from the bottom of the cup to the neckline and project that distance upward from the breakout point. Stop-Loss: Swing Low: Place a stop-loss below the handle Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
NSE:NAZARALong
by supertraders_india