Cupandhandlebreakout
Levels for - 27 Sep 2021EXPLANATION : This is a 1 hour time frame chart of ULTRACEMCO , It has formed Inverted Cup & Handle pattern breakout & continue down trend . I am bearish on ULTRACEMCO .
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Cup with Handle Breakout Expected - Keep Accumulating Positional & Investment Pick !!
Can add with SL at 1280. Targets given on charts
Good Fundamentals. Business gradually coming back into track.
CAMS : Perfect Risk Reward Swing Setup!NSE:CAMS has broken out of symmetrical triangle pattern / cup and handle pattern with good volume. The stock has now retraced to the breakout level and looks good for further upside with minimal Risk and good Reward. One can enter at the current market price as the stock looks good in the short term.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
RPSG VENTURES LTD - CUP AND HANDLE PATTERN BREAKOUT
RPSG Ventures Ltd Stock is just completed Cup and Handle Pattern which is a bullish pattern, retest in on progress. Once it is done, the stock may go long.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
RAIN INDUSTRIES - CUP AND HANDLE FORMATIONRain Industries Stock is about to complete Cup and Handle Pattern which is a bullish pattern . So the stock may go long.
Please check the chart for details. Mentioned clearly about the support and resistance points.
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
Cup with Handle Breakout - Keep Accumulating (Gem in Banks) Positional & Investment Pick !!
ICICI Bank is one such Bank in Banking Sector which has shown continuous growth. Even though the Banknifty is not doing that great ICICI Bank has delivered good returns to investors. Banking Space is likely to do good once these COVID impact is over and the Economy starts moving. ICICI Bank is likely to outperform all other Banks.
So, if u want to go with a Bank in your portfolio, it should be ICICI Bank.
Keep accumulating now
Multi Year Breakout + Retesting Done + Cup and HandleChart of the Week !!
Positional Pick !! Don't Miss
Textile Sector on Boom. One of the cheapest trading stock in this sector. Very Good Fundamentals. Debt Free Company.
Earnings release on 12th August, 2021. Expecting Good Numbers. Aggresive Traders can accumulate now and Safe Traders can after results.
Run Away Gap - A gap on a chart representing a sudden and large price movement accompanied by high trading volume. Runaway gaps are caused by increased interest in the stock. A runaway gap usually occurs in the middle of an upward or downward trend and is used to confirm the intensity of the trend.
HDFC Cup & Handle PatternWhat Is A Cup And Handle?
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
What Does A Cup And Handle Tell You?
As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
It is worth considering the following when detecting cup and handle patterns:
Length : Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms.
Depth : Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern.
Volume : Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
#DRREDDY Monthly bullish Weekly bearish#DRREDDY Look at the monthly for the "good" cup and handle pattern with a bullish reverse momentum divergence. Now look the weekly for the bad/ugly where it is forming a double top and approach neckline. To go for long or short depend on your time horizon for the trade.
Gold Monthly cup and handle pattern : Never too late to enterGold Monthly cup and handle pattern formation showing bullish breakout in medium to long term and so Never too late to enter long on this
shining metal that is a hedge to inflation. Definite add to your investment portfolio too.
Long term Cup and Handle Pattern breakout | VMARTNSE:VMART
VMART already gave long term cup and handle pattern breakout. Now it is under retracement.
1) Today it came to test 1st support level 3238. And closed just above it.
2) In coming days if it goes down to test 2nd support level 3130 then let it be. Do not enter in any buying position.
3) And further if it goes down to test ultimate last support level of 2890-2900 and it get support from this level then there will be good opportunity for short term to long term position. But it it gets support from any of above two support zone which are at 3238 and 3130 then from that level it will be a good opportunity to get long/buy position for short to long term.