Get started

Cupandhandlebreakout

LOYAL EQUIPMENTS - BREAKOUT!!!BUY - LOYAL EQUIPMENTS LIMITED CMP - Rs. 69 Target - 1: Rs. 93 Target - 2: Rs. 105 Target - 3: Rs. 140 . Max Return - 102% . . Technicals - Cup and Handle Pattern . Fundamentals - Company has reduced debt. Company is expected to give good quarter. Company has delivered good profit growth of 24.7% CAGR over last 5 years. Company's working capital requirements have reduced from 204 days to 139 days. . . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
BSE:LOYALLong
by nilakshgupta
cup and handle pattern at VBLPreviously 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 as the stock approaches 1180 - 1200, CMP/LTP 1221). 2. 100 Day EMA is near 1170. Important Levels Entry - 1185 SL - 1125 Target 1 - 1280 (1.58R) Target 2 - 1350 (2.75R) **Do your own research before taking any trade**
NSE:VBLLong
by iChoco
Sterlite Technologies LimitedThis 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 daily time frame. If you think that the majority of the move has been missed, then you should have a look at the daily chart of the stock, which is eye candy to the bulls. Today, the stock gave a breakout above the trendline resistance of a symmetrical triangle chart pattern, after a long contracting range. Also chart pattern like cup n handle was broken today, along with lots of indicators supporting same bias, also wave structure is suggesting bullish impulsive bias. Elliot wave structure on daily time frame Breakout from symmetrical triangle with good intensity of volume Cup n handle chart pattern Price closed above RK's Magic level and also closed inside Mass psychological cloud in daily time frame MACD positive crossover and uptick above zero line in daily time frame MACD positive crossover and uptick in weekly time frame RSI uptick and above 60 in daily time frame Price challenging upper band in daily time frame DMI ADX positive in daily Price above 50, 100, and 200 DEMA's Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. 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.
NSE:STLTECHLong
by RK_Chaarts
3