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Cup And Handle

Retested Breakout in BHARAT SEATS LTD BHARAT SEATS LTD (BHARATSE) has indeed retested its breakout. This could be a positive sign as it often indicates that the initial breakout was strong and sustainable. Entry: Pullback: If the price pulls back after the breakout, consider buying on this pullback as long as it doesn't retrace too much of the initial move. Target: Previous High: A potential target could be the previous all-time high, which is around T1 : 240 and T2 : ₹260-270 Fibonacci Extensions: Using Fibonacci extensions based on the breakout move can also provide potential target levels. Stop-Loss: Swing Low: Place a stop-loss below the recent swing low, around ₹200. Please note: These are general recommendations based on the information provided. It's crucial to use your own judgment and consider your risk tolerance when making trading decisions. Always consult with a financial advisor for personalized advice.
BSE:BHARATSELong
by supertraders_india
Cup and Handle Formation for a Multi-Year BreakoutKey Characteristics of a Cup and Handle Formation for a Multi-Year Breakout: Volume: I ncreased volume during the formation of the cup and handle can indicate growing interest and potential buying pressure. Breakout: A strong breakout above the handle's resistance level, accompanied by increased volume, is a bullish signal. Multi-Year Significance: For a multi-year breakout, the cup and handle formation should span over a significant period, indicating a major reversal in market sentiment. 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:JUBLPHARMALong
by supertraders_india
Bullish Rounding Bottom over the span of 3 years.UTIAMC is poised for a significant breakout as it trades at its highest level ever. If the weekly candle closes with strength, it could be a good opportunity to enter a swing trade with a stop-loss placed at the weekly candle's low. Additionally, in the daily timeframe, the price is consistently making higher highs and higher lows. 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
BSE:UTIAMCLong
by supertraders_india
2
SBIN -Inverted Cup and Handle -Daily - BearishSBIN—Inverted Cup and Handle—Daily—Bearish Stock closed below good support level 795 with good volume. Good to buy puts if it retests the neckline—support level 795. As on Sep 8th, It looks like nifty will be gaping down due to US market has fallen on Sep 6th and GiftNifty indicates gap down also in Nifty50 so we may see the price can go down. SL - 795. Target - 691 755 which is 200 EMA can act as support OI information: CE OI - 820 which can act as resistance PE OI - 780 will act as support; we need to check on 9th Sep if we have a gap down , the price can test the 691 level. Always welcome for any comments with your feedback, or give it a like if you find it useful.
NSE:SBINShort
by VCharts_TA
CONCOR -Daily - inverted Cup and Handle -BearishCONCOR—Daily—inverted Cup and Handle—Bearish. 9th Sep going to be Nifty gap down based Gift Nifty and US Market. In that case, Concor can open below good support 939. IF price sustains below 939 for 15 minutes or 30 minutes, can test 857 as per inverted Cup and Handle pattern target OI information: CE OI - 1000 will act as resistance PE OI - 940 will act as support, if sustained below 940 for 15 to 30 minutes, the price can test the 857 level. Always welcome for any comments with your feedback, or give it a like if you find it useful.
NSE:CONCORShort
by VCharts_TA
SBC - Volatility Contraction Pattern (VCP) - Breakout -DailyAlways welcome for any comments with your feedback, or give it a like if you find it useful. Name - SBC Pattern - Volatility Contraction Pattern (VCP) Timeframe - Daily Status - Breakout Volume - Very good volume Cmp - 35.33 Target - 45 SL - 32 SBC Stock gave breakout on 5th Sep with very good volume. Currently it looks like retesting the breakout level -32. What is the Volatility Contraction Pattern (VCP)? The VCP is a chart pattern that shows a series of price contractions, where each contraction is smaller than the previous one. This pattern typically forms during a consolidation phase after a significant price move. The idea is that as volatility decreases, the stock is preparing for a breakout. Strengths The company has shown a good profit growth of 74.06% for the Past 3 years. The company has shown a good revenue growth of 19.74% for the Past 3 years. Company’s PEG ratio is 0.86. The company has an efficient Cash Conversion Cycle of 53.09 days. Limitations Promoter pledging has increased from 16.22% to 18.24% in 1 quarter. Company has negative cash flow from operations of -11.79. The company has a low EBITDA margin of 3.60% over the past 5 years. The company is trading at a high PE of 84.37. The company is trading at a high EV/EBITDA of 54.49.
NSE:SBCLong
by VCharts_TA
KOPRAN - Multiyear breakout - Cup and Handle - MonthlyKOPRAN - Multiyear breakout - Cup and Handle - Monthly Kopran Ltd. is a fully integrated pharmaceutical company that manufactures and supplies high-quality formulations and active pharmaceutical ingredients globally. Name - KOPRAN Pattern - Cup and Handle Timeframe - Monthly Status - Breakout Volume - Very Good Cmp - 335 Target - 655 SL - 326 and 290 Fundamentals: Strengths Company is virtually debt free. Company has a healthy Interest coverage ratio of 10.89. The company has an efficient Cash Conversion Cycle of 43.79 days. Company has a healthy liquidity position with current ratio of 2.22. The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.33. Limitations The company has shown a poor revenue growth of 14.84% for the Past 3 years. Company has a poor ROE of 6.79% over the past 3 years. Kopran -Latest quarter results Price ₹ 336 M.Cap ₹ 1,617 Cr PE 27.3 Item YOY Jun 2024 Mar 2024 Jun 2023 Sales ⇡ 19% 139 186 117 EBIDT ⇡ 188% 18.2 21.7 6.31 Net profit ⇡ 301% 11.1 18.6 2.77 EPS ⇡ 304% ₹ 2.30 ₹ 3.86 ₹ 0.57 Always welcome for any comments with your feedback or give it a like if you find it useful.
NSE:KOPRANLong
by VCharts_TA
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