Classical Cup and Handle Breakout in Bharat Heavy Electricals Ltd
Fundamentally this is one of the undervalued stock in the Capital Goods - Electrical Equipment sector which comes under Electric Equipment industry.
52 week high also broken and candle closes above that level with marubozu candle supported by volume.
Target are mentioned in the chart.
Stop loss...
This one stock is roaring bullishly in this bearish market, the stock has been rallying since the last three sessions and there seems to be no stopping in near time. After yesterday’s 4% rally, the stock again surged 4% in the early trade, as its demand is not seeing any signs of suppression. Finally, today it has given breakout with good intensity of volumes on...
Skipper ltd, this stock is looking in good momentum on daily, weekly, and on monthly too, along with cup and handle chart pattern breakout along with good intensity of volumes too, also wave structure is suggesting bullish bias at the same time, one can go long at current levels and can add more in dips (if any), overall, its looking good candidate for longs....
Technical Observations:
1) Cup & Handle Formation (Daily Framework)
2) Falling Trendline has been Broken & the Price has made a healthy retracement.
3) RSI at a Healthy 60.82 Zone
NSE:GAIL
Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research.
Happy Investing, Stay Safe & Protect Your Capital
Cup and handle break out on daily time frame. CMP 123.25. the stock is supported by increased volume and RSI raising. good level to purchase with SL 118 and targets at 128, 135 and 146.
Previously the stock made a CUP & HANDLE pattern in daily timeframe.
It was facing resistance @1175-1200 range, then it broke that resistance with enormous Volume and made a new high.
Now it is coming back to the breakout level for the first time, which might provide us with a good long opportunity.
For added confluence
1. RSI is below 40 (which will fall a bit...
STEL holdings is giving a cup and handle breakout with higher volume. The CMP is 168.9 . if breaks 169 and sustain upside possible till 215.85 (previous HH), with resistance at 197.8 (previous LH). support levels if fails to breakout will be 148.50. R:R loos favourable. added to my watchlist
NSE:BAJAJHCARE shows a bullish pattern formation:
A cup and handle formation
Breakout from the supply zone
Volume high
RSI heading towards 70+ (overbought)
Trade : Buy above 430, SL: 412, T: 442/455
Sell below 410, SL: 425, T: 400/385
NSE:KSL is showing bullishness with momemtum because of:
Cup and Handle Breakout Ready
Very High Volume
RSI is just entering the overbought region
Overall Steel sector is bullish
Trade: Buy above 354, SL: 344, T: 364/370
Sell below 324, SL: 330, T: 315/309.
NSE:AMBUJACEM is showing:
A Cup and Handle formation with a good volume ready to be breakout
RSI is pretty well placed to just enter an overbought region. Good momemtum.
Trade: Buy above 582, SL: 575, T: 585/589
Sell below 580, SL: 585, T: 575/571.
Stock came back to zone in last month where it traded in high volume in march 2022
and settled for some days and
now it broke the ATH resistance with huge volume
Grasim industries formed cup and handle pattern and it's near about breakout then we take this trade
Entry :1850
Target : 2600
SL : 1665
Risk reward : 1:4
Do your own research 🙏
