Get started

Cup And Handle

NiftyIT - CNXIT - Weekly -Cup and HandleNifty IT Weekly analysis of the Nifty IT Index, showing a Cup and Handle pattern Key Insights: Cup and Handle Pattern: The pattern began forming around mid-2022 and completed by 2023. The breakout from the handle occurred around 38,539.00, which is a critical support level now. Measured Move and Target: The chart projects a potential upside target near 51,077.75, based on the height of the cup. A 48.01% gain from the lowest point of the cup is also marked, giving more context to the potential upside. The measurement from the cup's bottom to the breakout level shows a 32.48% gain potential from the breakout point. Price Action: The index reached a recent high of 43,645.90 before pulling back slightly to 42,089.30. The pullback might be a healthy consolidation after the strong upward move. Support Levels: Key support is identified at 38,539.00, which was the breakout point of the handle. The chart shows another strong support level at 26,164.20, which was the bottom of the cup, though this level seems far from the current price. Conclusion: The Nifty IT Index appears to be in a bullish continuation phase after breaking out of a multi-month cup and handle pattern. While the target of 51,000 seems plausible, a healthy pullback or consolidation might occur around the 42,000 to 38,500 levels before further upside. The CNX IT (Nifty IT) index consists of the major IT companies Here's a list of the top stocks that are generally part of the Nifty IT Index: Tata Consultancy Services (TCS) Infosys Ltd. Wipro Ltd. HCL Technologies Ltd. Tech Mahindra Ltd. L&T Technology Services Ltd. Mphasis Ltd. Coforge Ltd. Persistent Systems Ltd. LTIMindtree Ltd.
NSE:CNXITLong
by VCharts_TA
CNXFINANCE-Nifty Financial Services - Long -Cup and Handle DailyCNXFINANCE Technical analysis of the Nifty Financial Services Index (CNXFINANCE) on a daily time frame, using candlesticks to show price movement. Here’s a breakdown of the key elements: Cup and Handle Pattern: The chart highlight a "cup and handle" formation, which is a bullish continuation pattern. The cup is seen as the rounded bottom part of the formation, followed by a small handle that tends to consolidate before a breakout. Breakout Level: The breakout point is marked at 23,917.55, and the price has successfully broken above this level, now trading around 24,326.90, suggesting bullish momentum. Target Levels: The first target appears to be 25,329.60, as per the measured move from the height of the cup. The calculation shows a 6.27% increase from the breakout level, projecting this target. Support Levels: Price Action: The candlestick shows a strong bullish move, and the index is testing higher levels, suggesting that the momentum could take it towards the 25,329.60 target. in.tradingview.com SCRIPTS AU SMALL FINANCE BANK AXIS BANK BAJAJ FINANCE BAJAJ FINSERV CHOLAMANDALAM INVEST HDFC AMC HDFC BANK HDFC LIFE INSURANCE ICICI BANK ICICI LOMBARD GENERAL INSURANCE ICICI PRUDENTIAL LIFE INSURANCE INDIAN ENERGY EXCHANGE KOTAK MAHINDRA BANK LIC HOUSING MUTHOOT FINANCE POWER FINANCE CORPORATION REC SBI SBI CARDS SBI LIFE INSURANCE
NSE:CNXFINANCELong
by VCharts_TA
Bank Nifty - Sep 18Price is moving in range for the past few days. Also it is forming rounding top pattern which is bearish. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 51200. Stop Loss : 51120. Targets : 51280, 51360, 51480, 51560 and 51640. Sell below : 50960. Stop Loss : 51060. Targets : 50900, 50820, 50700 and 50620. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:BANKNIFTY
by vanathi
Graphite INDIA- EV Boom - Buy Above 592Graphite India - leading manufacturers of graphite electrodes, which are essential for electric arc furnace (EAF) steelmaking. Graphite India Limited is one of India's leading manufacturers of graphite electrodes, which are essential for electric arc furnace (EAF) steelmaking. Founded in 1974, the company also produces graphite-related products for industrial applications, such as high-temperature and corrosion-resistant materials. Its headquarters are in Kolkata, India, with manufacturing facilities spread across the country. Financials: Graphite India has experienced fluctuations in its financial performance due to the cyclical nature of the steel industry. In recent years, the company's revenue and profitability were affected by the downturn in global steel demand and rising input costs. However, the company has remained financially stable due to its low debt levels and significant cash reserves. Graphite electrodes are a key driver of the company’s revenue, and price changes in the global market impact its profitability. Growth in the EV Sector: With the rise of electric vehicles (EVs), demand for batteries and associated components has grown. Graphite India stands to benefit indirectly from this growth. Graphite is a crucial material in lithium-ion batteries, which power most EVs. While the company’s primary focus is on electrodes for steel production, it is exploring opportunities in the EV supply chain. This diversification could open new revenue streams and reduce dependence on steel industry cycles. Future Revenue & Sales Opportunities: The future growth of Graphite India is tied to global trends in steel production, EV battery materials, and graphite-based products. With increasing investments in renewable energy and EV adoption, the company has the potential to tap into the graphite market for energy storage solutions. Expanding its presence in battery-grade graphite could provide long-term growth opportunities. Additionally, technological advancements and a focus on sustainability may allow Graphite India to strengthen its market position. Chart Details : The stock has gvien double bottom breakout. and one can enter above - 592. for targets of 700/800 and above that open sky. Stop Loss - 500. Above 700. Stock will form Cup and Handle. Disclaimer : Educational Content. Please do your own research.
NSE:GRAPHITELong
by jain_geetesh
CENTURYPLY - Breakout Cup patternCENTURYPLY has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation after a period of consolidation. Breakout: The stock has recently broken above the handle of the cup, indicating a potential bullish breakout. Volume: The volume has increased during the breakout, supporting the bullish momentum. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
NSE:CENTURYPLYLong
by supertraders_india
2
CENTURYPLY: Bullish Breakout from Cup and Handle FormationCENTURYPLY has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment. Key Observations Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation after a period of consolidation. Breakout: The stock has recently broken above the handle of the cup, indicating a potential bullish breakout. Volume: The volume has increased during the breakout, supporting the bullish momentum. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.  
NSE:CENTURYPLYLong
by supertraders_india
GALAXYSURF -Cup and Handle - WklyGalaxy Surfactants Ltd. shows a classic cup and handle pattern forming on the weekly timeframe. Key points of analysis include: Neckline: Around ₹3,120. Potential Upside Target: ₹4,014 based on the height of the cup (about 28.98% potential upside). Volume Spike: A significant increase in volume suggests strong buying momentum. Support Levels: ₹3,120. This breakout from the cup and handle indicates bullish sentiment, with further gains expected if the stock sustains above the neckline.
NSE:GALAXYSURFLong
by VCharts_TA
ICICI Bank Ltd - Cup and Handle -DailyThe chart you've shared appears to represent a daily price chart of **ICICI Bank Ltd.**, with several technical patterns and annotations, primarily focusing on a **Cup and Handle** formation. Here’s a breakdown of key components and analysis: ### **Cup and Handle Pattern**: - This is a bullish continuation pattern, indicating the potential for further upward movement. - The "cup" part is formed when the price dips and then recovers, creating a "U" shape. The "handle" forms as a small consolidation after the cup, before a breakout to the upside. ### **Support and Resistance Levels**: - **Neckline (1249 INR)**: This level is marked as the breakout point of the Cup and Handle pattern. The price has broken above this neckline, confirming the bullish pattern. - **High (1272.25 INR)**: This is the most recent high at which the price is trading. - **Potential Target (1342 INR)**: The chart suggests that the price can test this level based on the measured move from the height of the Cup and Handle pattern. - **Volume**: The volume bars at the bottom of the chart show that there was an increase in volume as the price broke above the neckline, supporting the breakout. Trend Channels: - The yellow parallel trendlines show an ascending price channel, indicating that the stock has been in a bullish trend for a while. The price appears to be respecting these lines as dynamic support and resistance. ### **Measured Move**: - There are vertical lines drawn from the neckline to the top of the cup, showing a measured move of **94.20 INR**, or an 8.17% gain, which projects a target of 1342 INR. ### **Volume Analysis**: - The chart shows a spike in volume recently, which is crucial in confirming the breakout from the Cup and Handle pattern. Strong volume usually accompanies valid breakouts. ### **Summary**: - The chart is bullish overall, with the price breaking out from the Cup and Handle pattern. - The measured move suggests a price target of **1342 INR**. - The breakout is confirmed by volume, and the ascending channel suggests the continuation of an uptrend. - As long as the stock stays above the neckline and within the upward channel, the bullish outlook remains intact. This could be a good opportunity for bullish traders if the price sustains its position above the neckline level of 1249 INR.
NSE:ICICIBANKLong
by VCharts_TA
BLUEDART - Cup and Handle—Breakout -DailyBLUEDART - Cup and Handle—Daily Upward Trend Line: Indicates a general increase in price over time. Neckline - 8995 => exit: Suggests a potential exit point at the price level of 8995. Breakout with Very High Volume: Indicates a significant price movement accompanied by high trading volume, which often confirms the strength of the breakout. For a potential price target of 12,555. This analysis suggests that the price has broken out of a previous resistance level with strong volume and may continue to rise, potentially reaching the 12,555 level. However, always consider other factors and conduct further research before making any trading decisions
NSE:BLUEDARTLong
by VCharts_TA
PNB HOUSING FINANCE LTD (PNBHOUSING)PNB HOUSING FINANCE LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend. The increasing volume and RSI above 50 confirm the bullish sentiment. RSI: The RSI is currently above 50, indicating a bullish trend. MACD: The MACD line is above the signal line, indicating a bullish trend. Moving Averages: 50-day moving average is also approaching the price from below, which could provide additional support. 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:PNBHOUSINGLong
by supertraders_india
CRAFTSMAN AUTOMATION READY TO CRAFT SOME QUICK RETURNSThe stock has been forming an cup and handle pattern on the daily timeframe , it faced severe drawbacks many times but the stock stayed resilient and made a quick comeback the company is the Largest player in machining of cylinder blocks and cylinder heads in the intermediate, M&HCV segment as well as in the construction equipment category Manufacturing Facilities - Co. has 12 manufacturing facilities located at Coimbatore, Chennai, Bangalore, Pune, Indore, Faridabad, and Jamshedpur with a total built-up area of 1.6+ Million Sq.ft. Client Concentration (FY23) Top 10 customers contributed 58% of revenue. Geographical Split (FY23) Domestic: 92% & International: 8% Automotive segment Revenue Mix - Industry-wise - FY23 CV - 55% Off-Highway - 20% Tractors - 15% SUV - 10% Capex Co. did a capex of 309 Crs in FY23 to enhance technological upgradation and regular maintenance work. Co. incurred capex of Rs.1200 crore between fiscals 2017-20 The fundamentals of the stock are also quite promising as indicated in the chart the FIIs and DIIs holding have increased over the period of three years also profitability seems very extraordinary The Secular trend also looks quite optimistic and the targets are 6551 - TARGET 1( 3-4 WEEKS) 7085 - TARGET 2(10-12 WEEKS) STOPLOSS- 5439
NSE:CRAFTSMANLong
by keshavmaharaj958
1
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