Cupandhandlebreakout
Coal India - Bullish SignalCoal India had given a very good bullish signal and a breakout from the Cup and handle chart pattern
The Stop Loss for any conservative trader is 150
The Target is 187
After reaching our target, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** Its just for an educational purpose and so you must also follow your own technical analysis too ******
METALS [possible breakout]Metals have seen a huge rally in the past 6 months.
They are still quite strong and could show another small leg of the rally in the upcoming days.
Nifty metal index has formed a bullish continuation "cup and handle pattern" on the daily timeframe.
It signifies the continuation of the uptrend after breaking out the resistance level or the neckline of the cup.
Time horizon :Short term-medium term.
NSE:CNXMETAL
Grasim Industries - Cup and Handle breakout Pattern- Complex Cup and handle pattern formation in $GRASIM
- Good volumes during breakout
- Entry can be made after retest to levels of 1470-1475 for good risk reward ratio
- Expecting a move of 10-12% from breakout level
- Don't chase if it continues bullish movement
* Educational Purposes only
SOTL - 2yr Cup and Handle BreakoutSuggested by @Alhad
Clean chart with good volume and price action.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Kolte Patil 1.5yr Cup and Handle / Heading for a 2.5yr Break out
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around
11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:15 - 3:30PM.
TATA STEEL - Cup and handle + RetestTravelling in a Parallel Channel.
Along the way it formed a Cup and Handle pattern and most importantly it broke out with good volumes.
Retested back to the line of least resistance and is now all set for anew journey.
All this is happening at the bottom of the Parallel Channel is great for the stock to head back to the top of the Channel.
Low Risk and High Reward