Cupandhandlebreakout
Sakar Healthcare Cup and Handle But wait!The stock hit UC of 20% and has given Cup and Handle pattern breakout.
Though the risk is with Stop loss its far away. Even with last possible support entry point at 279 and last invalidation point its more or less 15%.
So if move goes against you be ready to loose 15-16%.
Keeping in watchlist it may also continue upward trend but need to watch with caution.
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SOUTH INDIA BANK - MULTIBAGGER STOCK???BUY - SOUTH INDIA BANK
CMP - Rs. 18
Target - 1: Rs. 25
Target - 2: Rs. 33
Target - 3: Rs. 42
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Technicals - Bullish Flag BO
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Note: Target 1 will be achieved within 1 year, Target - 2 within 1.5 years, and Target - 3 in 2-2.5 years.
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This is just a view by an expert analyst, please invest at your own risk.
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UJJIVANSFB: Formed a Cup & Handle PatternUjjivan Small Finance Bank formed a Cup & Handle Pattern and started give breakout from 34 level.
Stock can be accumulated around 36-37 level.
T1 is expected at 38 and T2 is expected around 43. Overall expected target is 53
Set stoploss at 28 and increase the stoploss when stock moves up.
Pattern is tracked on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
SJVN: Cup and Handle Breakout Cup and Handle Breakout :
Prices have formed a 'Lip' at 38, which will act as support on lower end if prices take a throwback after BO.
Given the volumes and price support this momentum is set to continue till 46- 47.5 levels at least.
TGT: 46- 47.5
Entry: 39-39.5
SL: 38
Somi Conveyor: Cup and Handle BreakoutCup and handle formation which started in Feb 2018. Looks like it ends as the Chart breakouts from it's horizontal Trendline above the cup & handle's base line. Brace for super long targets with strict stoploss in any case the momentum gets slow given the chart is based on a weekly timeframe.
HSCL - MULTIBAGGER STOCK???BUY - HSCL
CMP - Rs. 129
Target - 1: Rs. 190
Target - 2: Rs. 240
Target - 3: Rs. 290
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Technicals - Cup Pattern
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NOTE: Target - 1 will be achieved within 6-9 months, Target - 2 within 12-15 months and Target - 3 within 2 years.
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This is just a view by an expert analyst, please invest at your own risk.
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Cup and Handle chart patternThis chart pattern is shaped like and resembles like a cup and handle that's why its named the same as cup and handle chart pattern.
Shape:
A “U” shaped bottom is preferred over a “V” shaped bottom as it indicates more consolidation. Ideally, the highs on either side of the cup should be equal.
Duration of formation:
The cup can take anywhere from 1 to 6 months to form, while the handle should take 1-4 weeks.
Confirmation:
The pattern is confirmed as bullish when the price breaks above the previous highs (the neckline) with strong volume. A buying opportunity arises when the price moves above the old resistance level (right side of the cup).
Volume:
Volume should decrease as prices fall to form the base of the cup and remain below average. As the price begins to rise again, volume should increase.
Target:
The profit target is calculated based on the depth of the cup. Measure the distance from the bottom of the cup to the neckline and extend that distance upward from the breakout level.
Also it can give sometimes three times of depth of the cup.
Risk Management:
A stop-loss can be placed at the bottom of the handle or below a swing low within the handle if there were multiple price oscillations.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
Most investors treat trading as a hobby because they have a full-time job doing something else.
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If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
WELCORP BREAKS OUT 🚀 🚀 🚀 SWING TRADE OPPURTUNITY
Cup and handle pattern break out as clearly shown in the chart. And stock is trading at its all time high, therefore it is irrelevant to give targets.
It is a good move to capture in the market as nifty small cap 100 is also showing very significant breakout and this stock is included in that index.
WELSPUN CORP - 40% upside on chartsWelspun Corp formed a 'cup & handle' pattern in the day chart breaking its all time high. The depth of the cup from a common high is 37.2% and that ladies & gentlemen is the potential the stock can rally upto post breakout.
Technically the chart is strong, but don't forget to have your own research.
Cheers :)
SHANKARA forming a clean cup and handle patternSHANKARA has formed a long cup and handle pattern. Good scrip to go long as company has good fundamentals and is in the basket of #INFRA theme. Stoploss can be placed @ 660.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
BITCOIN - Cup n Handle PatternsBITCOIN 4 hr. Chart Analysis
This Bitcoin Analysis based on previous 1-year cycles of DOWN-UP performing pattern of CUP n HANDLE. So, first one CUP was in DOWN side that indicates HANDLE at Uptrend Pattern, while second one is in Reversal mode of CUP indicates into UPPER mode n HANDLE that will be shown the indications of soon Downtrend into coming days.
As per Pattern, the Ratio of CUP n HANDLE pattern growth up to 1/2 to 1/3 ratio of cut-off marks, it shows that soon CRYPTOCAP:BTC will be into Downtrend cycle of minimum $28-26k while maximum up to $24.8k to $22.5k approx.
Always #DYOR and Trade wisely by using of #StopLoss
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