Bajaj Healthcare - Fresh Opportunity for Upside Move! 📈 Bajaj Healthcare - Fresh Opportunity for Upside Move! 🚀
🔍 Key Observations:
Stock is forming a CNH (Continuation Narrowing Pattern) on the daily timeframe.
Broke out of a 3-year-old trading range on 18th Dec 2023.
Consolidating in a narrow range since 19th Dec 2023.
Volume confirmation (3x-5x) and a strong candle needed for breakout confirmation.
Broader markets are still in a weak structure (LL-LH), so trade cautiously.
🎯 Trade Setup:
Entry: Above 717 (Breakout level).
Stop Loss (SL): Closing below 595 (17.01% risk).
Target 1 (Positional): 942 (31.38% reward).
📊 Risk-Reward (RR):
RR Ratio: 1:1.8
💡 Trading Strategy:
Initial Entry: Buy above 717 with a small test quantity (limit position size).
Add More: On breakout and retest (if it occurs).
Overall Position Size: Keep it low as we are trading against the broader market trend.
Wait for Confirmation: Broader markets need to show signs of reversal (closing above 50-200 DMAs) for scaling in further.
⚠️ Disclaimer:
This is not investment advice. Trade at your own risk.
The broader market is still in a weak structure (LL-LH), and the probability of failure is high.
Always use proper risk management and limit position size.
Past performance is not indicative of future results.
📌 Key Takeaways:
CNH pattern suggests a potential breakout.
Volume confirmation is critical for validity.
Trade cautiously in a weak market environment.
RR of 1:1.8 offers a favorable setup if the breakout sustains.
🚨 Final Note:
Personally, I will scale in only when the broader markets show signs of reversal (closing above 50-200 DMAs).
Until then, trade lightly and stay disciplined!
Cupandhandlebreakout
V2 Retail Ltd: CnH Breakout Setup🛒 V2 Retail Ltd: CnH Breakout Setup
Entry: ₹2,002.85
Stop Loss (SL): ₹1,687 (on closing basis; -15.77%)
Target:
🎯 Positional Target: ₹2,323 (+15.98%)
🚀 Why this trade?
Chart Pattern: Clear Cup and Handle (CnH) breakout with the stock trading in an ascending channel.
Trend Confirmation: The stock is maintaining its position above key Daily Moving Averages (DMAs), confirming strength in the uptrend.
Sectoral Tailwind: Budget 2025 brings a positive outlook for the consumption and FMCG sector, supporting this trade's fundamentals.
Volume: Increasing, but it still needs improvement to strengthen the breakout signal.
⚠️ Key Observations and Risks:
Resistance Ahead: The channel top may act as resistance, so price action near these levels should be watched carefully.
Market Context: Broader market trends are weak, making this a counter-trend trade that adds an element of risk.
Volume Concerns: Volume is yet to fully confirm a breakout; a retest is possible.
📚 Educational Insights:
Channel Tops as Resistance: In ascending channels, the upper boundary often acts as dynamic resistance; breakout strength depends on volume.
Risk Management: With a wide stop loss (closing basis), position sizing becomes critical to limit exposure.
This is a positional trade, so short-term fluctuations shouldn’t influence decisions prematurely.
✅ Suggested Approach:
Take small positions initially to minimize risk while testing the market.
Monitor volume and sector strength for additional confirmation.
Avoid over-leveraging in trades with broad SLs, especially in counter-trend setups.
📈💡 "Adapt to market behavior, but always trade with discipline and patience."
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing involve significant risk, and past performance is not indicative of future results. Please consult with your financial advisor before making any trading or investment decisions. Always manage your risk and trade responsibly.
Tata Cons. Prod. Cup and Handle BO.NSE:TATACONSUM today gave a Cup-and-Handle Breakout, with the RSI and MACD Showing Buy Strength as it crossed Major Levels.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent base being crucial and the Size of the Cup as the Target on the upside as it usually is for cup & Handle Breakout.
Target(Take Profit):
1087 Levels for Swing/Positional Trader.
Stop-Loss:
Around 926 For Swing Trader and a Recent Base of 880.35 for Positional Trader.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Bullish Outlook on #AIIL#AIIL Authum Investment & Infrastructure Ltd. has shown a promising breakout from a prolonged consolidation phase, forming a Cup and Handle pattern on the daily chart. Key
observations:
Volume Confirmation: The breakout is accompanied by a significant rise in volume, confirming strong buying interest .
All-Time High Potential: The price is moving toward uncharted territory, suggesting strong bullish momentum.
Support Zone: The consolidation range now acts as a strong support zone for any pullback.
Relative Strength: The stock is outperforming its peers, showcasing superior relative strength.
Recommendation:
Entry Point: Buy on dips near the breakout level (around ₹1,850–₹1,900) for optimal risk-reward.
Target: ₹2,100 and above, based on pattern projections.
Stop Loss: Place a stop loss below ₹1,750 to manage risk.
Authum appears to be in Stage 2 (Advancing), making it an attractive candidate for positional traders. Fundamentals and further price action will dictate long-term potential.
JUBLFOOD : Breakout Stock (1-3 Months)#JUBLFOOD #swingtrade #breakout #patterntrading #chartpattern #Trendsetup
JUBLFOOD : (1-3 Months)
>> Cup & Handle Breakout on Daily
>> Stock in Uptrend on Monthly chart
>> Trending setup & Strong on Higher Time Frame
>> High PE Stock but expecting couple of Good Quarters ahead so with Good Income PE may reuduce considerably
>> Expecting atleast 20-25% upmove
Swing Traders can lock Profit at 10% & Keep trailing
Pls Boost, comment and follow for more Learnings
Note : I have taken Position in it Today for initial 1-3 months tym Frame Expecting 20-25% Returns
Disc : Charts shared for Learning purpose and not a Trade recommendation. Consult your Financial advisor and do your own analysis before taking position in it.
ELGIRUBCO breaking out of C&H!⚠️Risky Bet.
1⃣Entry: Above 143. Safe to wait for day closing.
2⃣SL: 113.7 Closing basis. Risk is 22% so trade very light or tweak SL as per your appetite.
Technicals:
1⃣C&H on on DTF.
2⃣Volume Buildup with price movement.
3⃣Good Relative Strength
4⃣Wide Range Candles.
Risks ⚠️
1⃣Circuit stock(LC/UC)
2⃣Bearish Market.
The chart is shared for educational purposes only. Please do your due diligence.
RVNL Forming Good Patterns. Ready for an upmove?RVNL
At a support level and forming multiple patterns. It offers good RR at this level.
- Double Bottom
-Cup & Handle
-Trendline Breakout.
-Candles were narrow right before a breakout and volumes were dry during the pullback.
Positional SL is 13%, If you are an aggressive player then you can place the SL below 428. Adjust the SL and Targets as per your style/appetite.
520 will be a crucial level. Watch the PA there and decide on booking/further addition or fresh entry.
Please consult with your financial advisor before investing. The chart shared is for educational purposes.
Krishna Institute of Medical Sciences - Cup and Handle pattern"Hey there! 😊 In this chart, I’ve broken down Moving Averages, MACD, RSI, and ADX indicators, all tied in with Price Action. 📊✨ I’ve also included tips on how to interpret them effectively. It's super easy to follow and packed with insights! 💡 Let me know what you think—can’t wait to hear your thoughts! 🚀👍"
SUPRIYA - CUP & HANDLE PATTERN BREAKOUT ON DAILY CHARTThe chart of Supriya lifescience shows a Cup and Handle pattern, a bullish continuation pattern suggesting the stock is poised for further upward momentum.
Here's a detailed analysis:
Prior Uptrend: The stock has displayed a strong uptrend leading into the pattern, which is essential for validating the Cup and Handle formation. This indicates bullish sentiment.
Cup Formation: The rounded cup spans approximately 9 weeks, representing a phase of consolidation where sellers lose momentum, and buyers gradually regain control. The curve shows a smooth decline and recovery, signaling accumulation by strong hands.
Handle Formation: After the cup's peak, a short-term consolidation below the resistance level forms the handle. This handle allows weaker holders to exit, reducing overhead supply and preparing for a potential breakout. The handle appears relatively shallow, which is considered a bullish sign.
Breakout: The breakout above the resistance line occurs with a noticeable spike in volume, confirming buying interest and signaling the beginning of a new upward trend. High volume during the breakout adds credibility to the pattern.
Target Calculation:
The projected upside is calculated by adding the depth of the cup to the breakout level.
Key price targets post-breakout are ₹744, ₹807, ₹850, and ₹900, marking significant Fibonacci or psychological resistance levels.
Volume Analysis: During the breakout, volume surged significantly, validating the breakout strength. Declining volume during the handle phase further supports the pattern's reliability.
Risk Management: A stop-loss can be placed below the handle support, around ₹645–₹650, to manage risk in case of a failed breakout.
Classical Cup & Handle Breakout in HDFC BANKHDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal.
Here’s a technical analysis:
Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal.
Resistance Levels: The stock has broken out above key resistance levels drawn at around ₹1,760–₹1,780, confirming the pattern. This breakout suggests potential upside movement with increased buying interest.
Volume: There is a significant increase in volume during the breakout, which validates the strength of the breakout. High volume on a breakout indicates strong investor confidence in the upward move.
Target Projection: The target projection based on the depth of the cup is approximately 20% above the breakout level, aligning with the level marked around ₹2,100.
Stop Loss: A suggested stop-loss level is placed just below the handle’s low (around ₹1600) to manage risk in case of a pullback.
Moving Averages: The stock is trading above key moving averages, which reinforces the bullish trend and confirms upward momentum.
CybertechIncorporated in 1995, CyberTech Systems and Software Ltd provides Information Technology and Software Development Services to customers primarily in USA.
Making a Cup and Handle pattern.
Market Cap: ₹ 623 Cr.
Promoter holding: 36.4 %
FII holding: 0.01 %
DII holding: 0.00 %
Public holding: 63.6 %
Looks good to buy on dip.
Cup and Handle Breakout Brewing Up. NSE:CLEAN is about to cross major resistance if crossed it will also confirm cup and handle breakout. A Close above 1700 Will be Crucial for confirmation.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
ALPA -Cup and Handle -Breakout -Daily -Unusual VolumeAnalysis of ALPA Laboratories Chart:
Cup and Handle Pattern:
The chart shows a well-defined cup and handle formation, which is a bullish continuation pattern. The cup part indicates a rounded bottom consolidation, while the handle signifies a short-term correction or pullback before the breakout.
The depth of the cup highlights a significant period of accumulation, followed by a breakout. The pattern started in early 2022 and was completed by 2023.
Shakeout & Volume Analysis:
The chart highlights that there was no significant volume during the breakout, leading to what is referred to as a "shakeout or false breakout." This indicates that weak hands were shaken off before the stock eventually surged.
However, the chart marks a retest after the shakeout, during which the stock bounced back with huge volume. This volume surge indicates strong buying pressure and institutional accumulation, validating the breakout as genuine.
Price Targets:
Based on the cup and handle pattern, the projected price target for the stock is 170 INR, as noted in the chart.
The price target calculation is typically done by measuring the depth of the cup and adding it to the breakout point, which appears to align with the chart's projection.
Recent Breakout:
The stock has recently broken out above a resistance level of 108.82 INR, with a strong surge in volume, indicating the potential for further upward momentum.
The breakout shows clear upward movement, with the stock currently trading at around 132 INR, gaining around 19.28% for the day.
Current Resistance and Support:
Resistance is noted at around 170 INR, as the price target based on the breakout.
Support lies around 108.82 INR, where the retest and bounce occurred, providing a strong support level going forward.
Conclusion:
ALPA Laboratories has shown a strong bullish breakout following a textbook cup and handle pattern. The significant volume during the retest and breakout indicates that the stock may have more upside, with a target of 170 INR in the coming weeks or months.
07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕
Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo.
There is so many ways to approach chart patterns, everyone has different approaches and different insights.
Some Examples of Cup & Handle pattern we have seen:-
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POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts
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CYBERTECH SYSTEM By KRS ChartsDate:19th July 2024
Time: 9:49 AM
Why CYBERTECH SYS?
1. Stock has favorable P/E Ratio ~27. and sustaining good levels.
2. In Daily TF, Cup & Handle is clearly visible with strong breakout today in smaller TFs.
3. NIFTY IT is also in good momentum and this one is from IT industry too.
Target will be- 327~ Rs
Further update later as it moves
HARIOMPIPE - Retest at Cup and Handle Breakout🔊 HARIOMPIPE - Retest at Cup and Handle Breakout
HARIOMPIPE - HARIOM PIPE INDUSTRIES
⌛Duration - Short Term (3 month to 6 month)
📊📈 Trade Logic - Retest at Cup and Handle Breakout
CMP - ₹764.4
Time Frame - Daily
🎯Target 1 : ₹850
🎯Target 2 : ₹900
🎯Target 3 : ₹950
🎯Target 4 : ₹1000
🛑 Stop : ₹680
🏆 Risk/Reward Ratio (1: 2.75)
Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.