PNBHOUSING -Cup and Handle -BO with Volume- WklyPNBHOUSING
Name - PNBHOUSING
Pattern - Cup and Handle
Timeframe - Wkly
Status - Breakout with volume
Cmp - 977
Target - 1711
SL - 916 or breakout Candle low -850
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern
Fundamentals: Good
Here are some key fundamental ratios and metrics for PNB Housing Finance Ltd.:
Market Cap: ₹22,426 Cr
Current Price: ₹724.00
Price-to-Earnings (P/E) Ratio: 14.12
Price-to-Book (P/B) Ratio: 1.58
Return on Equity (ROE): 11.19%
Net Profit Margin: 18.49%
Debt-to-Equity Ratio: 3.44
PNB Housing Finance has shown a solid ROE and net profit margin, but its high debt-to-equity ratio indicates a significant level of leverage.
Cup And Handle
UPL -Cup and Handle - Breakout with volumeUPL -Cup and Handle - Breakout with volume
Name - UPL
Pattern - Cup and Handle
Timeframe - Daily
Status - Breakout with good volume
Cmp - 598
Target - 719
SL - 584
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern
Fundamentals:
Here are some key fundamental ratios for UPL Ltd.:
Market Cap: ₹44,908.86 Cr1
Current Price: ₹598.301
Price-to-Earnings (P/E) Ratio: 14.782
Price-to-Book (P/B) Ratio: 5.981
Return on Equity (ROE): -4.83%3
Debt-to-Equity Ratio: 1.153
Dividend Yield: 0.17%1
UPL Ltd. is a major player in the agrochemical industry, but its recent financial performance shows some challenges, particularly with a negative ROE and a high debt-to-equity ratio3.
STARHEALTH -Cup and Handle -Breakout with volSTARHEALTH -Cup and Handle -Breakout with vol
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern
Name - STARHEALTH
Pattern - Cup and Handle
Timeframe - Daily
Status - Breakout with good volume
Cmp - 628
Target - 736
SL - 616
Fundamentals:
Here are some key fundamental ratios for Star Health and Allied Insurance Company Ltd:
Market Cap: ₹36,805.87 Cr1
Current Price: ₹628.651
Price-to-Earnings (P/E) Ratio: 36.511
Price-to-Book (P/B) Ratio: 5.541
Return on Equity (ROE): 13.23%1
Dividend Yield: 0.00%1
Patel Engineering - Best to add above 84Patel Engineering - Potential Cup & Handle.
It's peers NCC / HCC has already made their moves and this stock is yet to catch up.
One can enter at current price and can increase your allocation above 84.
With Strict stop loss of 56
Pro Tip : You may want to put alerts in your broking account and add when the alert price comes.
Disclaimer : Educational content. Please do your own research.
Multiyear breakout in NLC India Hello Traders,
Here is a long trade positional trade in NLC India. This trade can be a Risky one as stock has already given a massive run up but there is a cup and handle formation in the stock. Also the duration of holding this stock can vary between 2 years to 3 year so plan accordingly. This is a high risk High reward Stock. Targets can be 100 to 200 percent or maybe more if you can hold it for long time. Stoploss should be monthly closing basis i.e let the monthly candle close then make your decision.
Follow for more such ideas.
This is just my analysis no buy/sell call.
CYBERTECH - Cup and Handle BO with good volumeCYBERTECH - Cup and Handle BO with good volume
Name - CYBERTECH
Pattern - Cup and Handle
Timeframe - Wkly
Status - Breakout with good volume
Cmp - 253
Target - 484
SL - 245
Pattern:Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis.
Fundamentals:
Here are some key financial ratios for CyberTech Systems and Software Limited:
Price-to-Earnings (PE) Ratio: 28.91
Debt-to-Equity Ratio: 0.012
Return on Equity (ROE): 12.5%2
Net Profit Margin: 10.2%2
Revenue Growth (5-Year CAGR): 8.4%1
Price-to-Sales (P/S) Ratio: 3.51
These ratios indicate CyberTech’s valuation, profitability, and financial health. The company has a relatively low debt-to-equity ratio, suggesting a conservative approach to leverage, and a solid ROE, indicating efficient use of equity.
INFY -Cup and Handle BO wklyINFY-Cup and Handle BO wkly
Name - INFY
Pattern - Cup and Handle
Timeframe - Wkly
Status - Breakout with good volume
Cmp - 1943
Target - 2279
SL - 1731
Fundamentals:
Here are some key financial ratios for Infosys Limited:
Price-to-Earnings (PE) Ratio: 29.871
Price-to-Sales (P/S) Ratio: 5.032
Debt-to-Equity Ratio: 0.101
Return on Equity (ROE): 33.56%1
Net Profit Margin: 11.6%3
Enterprise Value to EBITDA: 19.912
These ratios indicate Infosys’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.
Pattern: Cup and Handle
The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Here’s a breakdown of its key features:
Structure
Cup: The pattern starts with a rounded bottom, resembling a “U” shape. This indicates a period of consolidation where the price gradually declines and then rises back to the original level.
Handle: After the cup is formed, a smaller consolidation or slight downward drift occurs, forming the handle. This part typically has lower trading volume.
Interpretation
Bullish Signal: The pattern is considered bullish, suggesting that the price is likely to continue rising after the handle is formed and a breakout occurs above the resistance level at the top of the cup12.
Volume: Ideally, volume should decrease during the formation of the cup and handle, then increase during the breakout1.
Trading Strategy
Entry Point: Traders often enter a position when the price breaks above the resistance level formed by the top of the cup.
Stop-Loss: A stop-loss order is typically placed below the lowest point of the handle or the cup to manage risk2
Potential Breakout in INDUS TOWERS LTDINDUS TOWERS LTD appears to be in a strong position for a potential multi-year breakout. However, it's important to exercise caution and conduct thorough research before making any investment decisions. By combining technical analysis, fundamental analysis, and risk management strategies, you can make informed decisions about investing in this stock.
Double Bottom Pattern: As previously identified, the double bottom pattern suggests a reversal from a downtrend. If the price successfully breaks above the neckline, it could signal a significant uptrend.
Increasing Volume: The rising volume during the price decline is a positive sign, as it suggests growing interest and potential buying pressure.
Technical Indicators: The oversold RSI and positive volume could be early indicators of a potential bullish trend.
Industry Trends: The telecom tower industry has shown resilience and growth potential, which could benefit INDUS TOWERS LTD.
Potential Targets and Stop-Loss
Target: If the price successfully breaks out and sustains 500+ T1 - ₹550. and T2 - 600
Stop-Loss: 3%
Disclaimer: While this analysis suggests a potential multi-year breakout, it's crucial to conduct thorough research and consider various factors before making any investment decisions. Always consult with a financial advisor.
RSystems - Cup &Handle in formation. Best Above 530/540. SL-485RSystems is forming potential Cup and Handle Pattern. Sector tailwind.
One can buy above 530/540 for upward targets and gradually increase your position by averaging up.
Stop loss - 485
Disclaimer : Educational Content. Please do your own research.
COFORGE -Cup and Handle Formation COFORGE-Cup and Handle Formation
Name - COFORGE
Pattern - Cup and Handle
Status - Need to close above 6421
Cmp - 6344
Target - 8594
SL - 5800
Fundamentals :
Here are some key financial ratios for Coforge Limited:
Price-to-Earnings (PE) Ratio: 48.681
Price-to-Sales (P/S) Ratio: 4.172
Debt-to-Equity Ratio: 0.1363
Return on Equity (ROE): 22.47%3
Net Profit Margin: 8.29%3
Enterprise Value to EBITDA: 28.572
These ratios indicate Coforge’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.
TATACONSUM - Cup and Handle Formation
Name - TATACONSUMER
Pattern - Cup and Handle
Status - Need to close above 1247
Cmp - 1200
Target - Need to close abv 1247
SL -
Fundamentals: Good
Here are some key financial ratios for Tata Consumer Products Limited:
Price-to-Earnings (PE) Ratio: 73.411
Debt-to-Equity Ratio: 0.092
Return on Equity (ROE): 6.5%2
Net Profit Margin: 7.35%3
Revenue Growth (1 Year): 10.53%4
Enterprise Value to EBITDA: 49.253
Price-to-Sales Ratio: 7.353
Pattern
The Cup and Handle pattern is a bullish continuation pattern often used in technical analysis. Here’s a breakdown of its key features:
Structure
Cup: The pattern starts with a rounded bottom, resembling a “U” shape. This indicates a period of consolidation where the price gradually declines and then rises back to the original level.
Handle: After the cup is formed, a smaller consolidation or slight downward drift occurs, forming the handle. This part typically has lower trading volume.
Interpretation
Bullish Signal: The pattern is considered bullish, suggesting that the price is likely to continue rising after the handle is formed and a breakout occurs above the resistance level at the top of the cup12.
Volume: Ideally, volume should decrease during the formation of the cup and handle, then increase during the breakout1.
Trading Strategy
Entry Point: Traders often enter a position when the price breaks above the resistance level formed by the top of the cup.
Stop-Loss: A stop-loss order is typically placed below the lowest point of the handle or the cup to manage risk2.
INDIAN ENERGY EXC LTD (IEX)IEX: Breakout & Retest from Rectangle Pattern
Key Observations
Breakout and Retest: The price has broken above the resistance level (neckline) of the cup and handle pattern, confirming the bullish signal.
RSI: The RSI is above 60, suggesting a bullish bias.
Volume: Increased volume during the breakout and subsequent pullback confirms the significance of the price movement.
Disclaimer: This analysis is based on the provided chart and is for informational purposes only. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
GSPL READY FOR A BLAST The company is one of the largest players in the natural gas transmission business in India together with its leadership position in Gujarat and strategic location with connection to all major natural gas supply sources.
The stock has been forming an cup and handle pattern on the weekly timeframe . since 2021 the stock was forming this pattern and now it is approaching its final stage if breakout
The fundamentals of the stock are quite stagnant but quite decent and the stock is trading below the industry PE of 18 , its other counterpart petronet LNG is also progressing at pretty solid pace
TARGET 1 - 560 WITHIN 3-4 MONTHS