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Cupandhandlepattern

KELLTON TECH SOLUTIONS By KRS ChartsDate: 11th July 2024 Time: 9:40AM Why KELLTON TECH? 1. Currently Sustained at All-time High Price with Strong Breakout. 2. Cup & Handle Chart Pattern is visible in Weekly and Monthly TF. Also Volume is noticeably increased from year 2021 compared to its previous years. 3. RSI above 60 and Positive Crossover in MACD. 120 to 130 Rs can be better price if Correct little bit from here If it breaks Neckline at least in Daily TF, It can achieve 255 Rs price point from current price level.
NSE:KELLTONTECLong
by KRSCharts
META - Cup and Handle - Daily - LongThis chart appears to be for Meta Platforms, Inc. (META) and features a technical analysis of the stock price movement on the daily timeframe. Key components: 1. **Cup and Handle Pattern**: A bullish technical pattern is formed in the chart, indicating potential continuation of the uptrend. The "cup" is the rounded bottom, and the "handle" forms a consolidation before the breakout. 2. **Breakout**: The stock seems to have broken out of the handle's resistance zone, pushing higher, which confirms the bullish breakout. 3. **Price Targets**: Price targets are marked above the breakout: - One at $638.55, which could be the result of projecting the height of the cup from the breakout level. 4. **RSI Indicator (Relative Strength Index)**: The RSI is around 79.40, showing the stock is in overbought territory, which could mean some consolidation or pullback before the next move. 5. **Volume**: A notable volume spike occurred during the breakout, adding further confirmation to the bullish momentum. This setup suggests continued bullish momentum, but overbought conditions on the RSI might lead to short-term corrections.
NASDAQ:METALong
by Vem_TA_Charts
NLCINDIA - Cup and handle pattern- Multiyear Breakout**NLC India Ltd** monthly price chart with a **cup and handle pattern** visible. Here’s a breakdown of the analysis: ### 1. **Cup and Handle Pattern** - **Cup Formation**: The rounded bottom starting from the high in 2007 to the low in around 2011 shows a long-term downtrend that eventually bottoms out. This cup pattern reflects a long period of accumulation after a major selloff. - **Handle Formation**: After the cup formation, there is a consolidation phase that forms a handle. The recent price action shows a breakout from this handle. - **Implication**: This is a bullish continuation pattern. The breakout above the handle indicates that the stock could experience a significant upward move. ### 2. **Breakout Confirmation** - The price has broken out above the resistance at **₹257.50** and now continues towards the upper targets around ₹311.80 and ₹514. - **Target**: A measured move for this pattern suggests a potential target based on the height of the cup, which aligns with the ₹311.80 level. A further target can be considered by doubling the breakout height is ₹514. ### 3. **Volume Spike** - There’s a noticeable volume spike during the breakout, which confirms the strength of the upward move. The increasing volume signals strong interest and buying pressure, adding conviction to the bullish breakout. ### 4. **Support Levels** - The key support levels are at **₹257.50**, which was previously a resistance point and could now act as a support in case of a pullback. - The next significant support level is around **₹194** handle low. ### 5. **Conclusion** - The chart is bullish with the cup and handle breakout backed by strong volume. If the breakout sustains, the next key resistance zone is around ₹311.80, and beyond that, there could be higher targets based on the long-term trend. This setup is considered bullish, and further upward movement is expected if the breakout sustains.
NSE:NLCINDIALong
by DailyCharts03
APOLLOTYRE -Cup and Handle Pattern - Breakout - DailyAPOLLOTYRE - Watchout for pull backs It looks like you uploaded multiple stock charts, including for M&M Financial Services Ltd (M&MFIN) and Apollo Tyres Ltd (APOLLOTYRE). Here’s a quick technical analysis based on the charts you provided: ### . **Apollo Tyres Ltd (APOLLOTYRE)** - **Cup and Handle Pattern with Double Bottom:** The chart displays a **double bottom within a larger cup and handle** pattern, which typically signals strong buying momentum. - **Breakout:** - The stock has broken through the resistance level of **₹558.00**, showing strong bullish momentum. - Next major target appears to be around **₹687.05**, a rise of around **23%** from the breakout point. - **Volume Spike:** There is a sharp increase in volume, signaling institutional participation and validating the breakout. - **Support Levels:** After breaking through **₹558**, it should act as a key support, with **₹533** serving as a lower safety net. Stocks showing bullish patterns with notable breakouts from critical resistance levels, indicating potential upside movements in the near term. The increase in volume on both charts further reinforces the potential strength of the breakout moves.
NSE:APOLLOTYRELong
by DailyCharts03
M_MFIN - Cup and Handle -breakout -Retest -DailyThe chart of M&M Financial Services Ltd (M&MFIN) indicates a classic cup and handle pattern forming, which is a bullish continuation signal typically pointing to a potential breakout. Key Observations: Cup and Handle Formation: The chart shows a rounded "cup" shape between mid-2023 and mid-2024, followed by a smaller consolidation resembling the "handle." This pattern suggests a period of accumulation, where selling pressure decreases, and a bullish breakout could follow. Resistance and Breakout Level: The breakout point from the cup's rim is around ₹314, as highlighted. The stock appears to have broken out of this resistance level, now trading above ₹340. Measured Move Target: Based on the pattern's depth, the chart marks a target price around ₹391.15, representing a potential 24.68% gain from the breakout level. The target is calculated by projecting the depth of the cup upward from the breakout point. Volume Activity: The volume profile indicates a healthy increase as the stock moves up, supporting the breakout. Volume typically spikes during breakouts from such patterns, confirming the validity of the move. In summary, if M&M Financial Services sustains its move above ₹314 with increasing volume, the next target of ₹391 becomes achievable. However, watch for potential pullbacks or false breakouts, which are common with this pattern.
NSE:M&MFINLong
by DailyCharts03
Crossover Swing + Breakout Trade - HINDALCO📊 Script: HINDALCO 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminum Products Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Script is giving Cup & handle Pattern Breakout on daily chart. 📈 Already crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 717 🟢 Target 🎯🏆 - 810 ⚠️ Stoploss ☠️🚫 - 672 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDALCOLong
by radha_23
AMBER - Cup and Handle -Breakout - Good Vol -Daily Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a large cup and handle pattern over the past year, with the handle recently completing. 2. Recent Price Action: - The stock has broken out of the cup and handle pattern with a significant bullish move. - Current price is 4,994.65 INR, up 14.88% on the day, indicating strong buying pressure. 3. Key Levels: - A major resistance level at around 4,633.90 INR has been broken, which could now act as support. - The previous high of 5,187.95 INR (marked as "High" on the chart) has been surpassed. 4. Volume: - There's a substantial spike in trading volume coinciding with the breakout, supporting the bullish move. - The volume is significantly above the volume moving average, indicating strong buying interest. 5. Price Targets: - The chart shows a potential long-term target of 6,281.05 INR. - This target represents a potential gain of 35.42% from the breakout point. 6. Support Levels: - The previous resistance at 4,633.90 INR should now act as support. - There's another support level at 4,382.00 INR, which was the low of the breakout candle formation. - There's another support at 4,006 INR, which is low of the box formation. 7. RSI (Relative Strength Index): - The RSI at the bottom of the chart shows an uptick, confirming the bullish momentum. - However, it's not in extremely overbought territory, suggesting there might still be room for further upside. 8. Historical Context: - The stock has been in an overall uptrend since late 2023, with the cup and handle formation developing over this period. - The current move represents a significant breakout from this pattern. Overall, the chart presents a bullish outlook for Amber Enterprises (I) Ltd. The breakout from the cup and handle pattern, supported by high volume, suggests potential for further upside. The next key level to watch would be the target at 6,281.05 INR. However, traders should be cautious of potential short-term pullbacks due to: 1. The large single-day move (14.88%) 2. The stock being at all-time highs, which could lead to some profit-taking It would be prudent to watch for how the stock behaves around the current level and whether it can hold above the broken resistance at 4,633.90 INR in case of a pullback. The strength of the move and the volume supporting it suggest that any pullbacks might be seen as buying opportunities by the market.
NSE:AMBERLong
by DailyCharts03
SUNTV | Head & shoulder + Cup & handle Trapping ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:SUNTVLong
by ReviveTraders
07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕ Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo. There is so many ways to approach chart patterns, everyone has different approaches and different insights. Some Examples of Cup & Handle pattern we have seen:- 1) 2) 3) 4) 5) 6) POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:KOTAKBANKEducation
by ReviveTraders
ACCELYA SOLUTION INDIA LTDPerformance Over the Past Few Years: Revenue Growth: Accelya Solutions India Ltd has seen a steady increase in revenue over the past decade. From FY2013 to FY2022, their sales grew from ₹304 crores to ₹368 crores. In the last 12 months ending December 2022, they reported sales of ₹423 crores. Earnings Growth: The company has been growing its earnings at an average annual rate of 6.1%, while the IT industry saw a higher growth rate of 21.1% annually. Despite this, Accelya has maintained a strong return on equity of 33.2% and net margins of 18.4%. Growth Prospects for Accelya Solutions India Ltd 1. Market Expansion and Innovation: Innovation: Accelya is focusing on innovation-led growth, particularly in the airline industry. They are leveraging new technologies to enhance their service offerings and drive digital transformation. Market Expansion: The company aims to expand its market reach by providing comprehensive solutions that cater to the evolving needs of airlines, including financial, cargo, and passenger services. 2. Industry Recovery: Post-Pandemic Recovery: With the travel industry recovering from the impacts of the COVID-19 pandemic, Accelya is well-positioned to benefit from the increased demand for travel and related services. Growth in Airline Industry : As airlines look to modernize their operations and improve efficiency, Accelya’s solutions are likely to see higher adoption rates. 3. Financial Performance: Revenue Growth: Accelya has reported a fair revenue growth rate of 25.81% recently. This indicates a positive trend in their financial performance, which could continue as the market conditions improve. Dividend Policy: Despite some fluctuations in earnings, Accelya has maintained a consistent dividend policy, which reflects its stable financial health. 4. Strategic Initiatives: ONE Order Focus: Accelya is focusing on the ONE Order initiative, which aims to simplify and modernize the order management process for airlines. This initiative is expected to drive technology transformation within the industry. Sustainability and Efficiency: The company is also emphasizing sustainability and operational efficiency to enhance long-term profitability and market position.
NSE:ACCELYALong
by CannySunny
RELINFRA - Cup and Handle -Breakout- WklyRELINFRA - Cup and Handle -Breakout- Wkly This chart shows the price action of Reliance Infrastructure Ltd on the Indian National Stock Exchange (NSE). Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a large cup and handle pattern from 2018 to present. This is typically a bullish continuation pattern. 2. Recent Price Action: - The stock has broken out of the handle part of the pattern. - Current price is 316.30 INR, up 48.79% on wkly, indicating a significant bullish move. 3. Key Levels: - A major resistance level at around 300.25 INR has been broken, which could now act as support. - The previous high of 635.70 INR from 2017 could be a long-term resistance target. 4. Volume: - There's a notable spike in trading volume coinciding with the recent price breakout, supporting the bullish move. 5. Price Targets: - The chart shows a potential near-term target of 592 INR (labeled "Can test 592"). - This target represents a 96.73% move from the bottom of the cup formation. 6. Historical Context: - The stock experienced a significant decline from 2017 to 2020, forming the "cup" part of the pattern. - Since 2020, it has been in a general uptrend, forming the right side of the cup and the handle. 7. Recent Pullback: - The stock recently experienced a pullback (forming the handle of the pattern), which found support and has now broken out to the upside. 8. Volume Moving Average: - The recent volume spike is well above the volume moving average, indicating strong buying interest. Overall, the chart presents a bullish outlook for Reliance Infrastructure Ltd. The breakout from the cup and handle pattern, supported by high volume, suggests potential for further upside. The next key level to watch would be the target at 592 INR. However, as with any breakout, there's always a possibility of a pullback to test the breakout level (around 300 INR) as support. Traders should also be aware that such a large single-day move (48.79%) might be followed by some consolidation or profit-taking.
NSE:RELINFRALong
by DailyCharts03
HARIOMPIPE - Retest at Cup and Handle Breakout🔊 HARIOMPIPE - Retest at Cup and Handle Breakout HARIOMPIPE - HARIOM PIPE INDUSTRIES ⌛Duration - Short Term (3 month to 6 month) 📊📈 Trade Logic - Retest at Cup and Handle Breakout CMP - ₹764.4 Time Frame - Daily 🎯Target 1 : ₹850 🎯Target 2 : ₹900 🎯Target 3 : ₹950 🎯Target 4 : ₹1000 🛑 Stop : ₹680 🏆 Risk/Reward Ratio (1: 2.75) Disclaimer: The stock information shared here is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:HARIOMPIPELong
by Profit_Trader25
CRWD - Cup and Handle Breakout -DailyThis chart depicts the stock price action of **CrowdStrike Holdings, Inc. (CRWD)** on the NASDAQ, displayed on a daily timeframe. Here's a breakdown of the analysis: ### Key Observations: 1. **Cup and Handle Formation:** - The chart clearly shows a **Cup and Handle** pattern forming, which is a bullish continuation signal. - The "cup" spans from June to September 2024, with a rounded bottom, followed by a "handle" pattern, signaling a potential breakout above the resistance level. 2. **Breakout Level:** - The stock is currently trading at **$299.85**, near the 50% Fibonacci retracement level of **$299.68**, which serves as a key resistance area. - The price recently broke above **$285.27** (0.382 Fibonacci retracement), further reinforcing the bullish trend. 3. **Targets:** - If the breakout sustains, the immediate target is the **0.618 Fibonacci retracement level** at **$323.16**. - Further upside potential could take the price to **$369.55** (0.786 Fibonacci) and the all-time high of **$399.16**. - The measured move from the cup's depth suggests a price target of **$369.55**, representing a potential gain of **29.74%** from the breakout. 4. **Support Levels:** - If the breakout fails, the immediate support level is around **$285.27**, with a stronger base at the **0.236 Fibonacci level** of **$247.16**. - The lowest support for a strong reversal would be near **$200.21**. 5. **Volume Surge:** - There is a noticeable increase in volume, especially on breakout days, which adds confirmation to the strength of the bullish move. **17.875M** shares were traded on the latest breakout. 6. **Relative Strength Index (RSI):** - The RSI is currently at **69.11**, near overbought territory, which may signal potential profit-taking or consolidation before further movement. ### Conclusion: - The chart is exhibiting strong bullish momentum following the breakout from a classic **Cup and Handle** pattern. Potential upside targets include **$323.16** and **$369.55**, while support lies around **$285.27** and **$247.16**.
NASDAQ:CRWDLong
by Vem_TA_Charts
KOTAKBANK - Cup and Handle - Breakout -DailyKOTAKBANK - Cup and Handle - Breakout -Daily This chart represents the stock price movement of **Kotak Mahindra Bank Ltd** on the NSE, plotted on a daily timeframe. ### Key Observations: 1. **Cup and Handle Pattern:** - The chart outlines a **Cup and Handle** pattern, which is a bullish continuation pattern. The "cup" is the rounded bottom formation followed by a consolidation phase forming the "handle." - The pattern suggests that a potential breakout is underway. 2. **Resistance and Support Levels:** - **T1 - 1963 INR:** This is the first resistance level (Target 1) based on the pattern breakout. - **T2 - 2049 INR:** The second resistance level (Target 2). - **T3 - 2194 INR:** The final target level if the momentum continues upward. - **Support levels:** Strong support exists at **1625.95 INR** and **1543.85 INR**, which provide a downside buffer in case of price correction. 3. **Volume Trends:** - There has been a noticeable increase in volume during the recent breakout, which adds confirmation to the upward momentum. - The chart highlights a notable surge in trading volume, likely indicating significant buying interest. 4. **Pattern Breakout:** - A clear breakout is shown from the handle pattern, and the price has reached **1904.50 INR**, closing above the **1870 INR** mark. - The breakout target suggests potential upside gains of **8.99%** and **17.32%** from the breakout point, aligning with the target prices (T1 to T3). ### Conclusion: - The chart signals a bullish breakout from a technical perspective, supported by a well-formed Cup and Handle pattern, and the price has breached a key resistance zone. - Traders may look for **targets around 1963, 2049, and 2194 INR**, while being cautious of the key support levels below.
NSE:KOTAKBANKLong
by DailyCharts03
NiftyIT - CNXIT - Weekly -Cup and HandleNifty IT Weekly analysis of the Nifty IT Index, showing a Cup and Handle pattern Key Insights: Cup and Handle Pattern: The pattern began forming around mid-2022 and completed by 2023. The breakout from the handle occurred around 38,539.00, which is a critical support level now. Measured Move and Target: The chart projects a potential upside target near 51,077.75, based on the height of the cup. A 48.01% gain from the lowest point of the cup is also marked, giving more context to the potential upside. The measurement from the cup's bottom to the breakout level shows a 32.48% gain potential from the breakout point. Price Action: The index reached a recent high of 43,645.90 before pulling back slightly to 42,089.30. The pullback might be a healthy consolidation after the strong upward move. Support Levels: Key support is identified at 38,539.00, which was the breakout point of the handle. The chart shows another strong support level at 26,164.20, which was the bottom of the cup, though this level seems far from the current price. Conclusion: The Nifty IT Index appears to be in a bullish continuation phase after breaking out of a multi-month cup and handle pattern. While the target of 51,000 seems plausible, a healthy pullback or consolidation might occur around the 42,000 to 38,500 levels before further upside. The CNX IT (Nifty IT) index consists of the major IT companies Here's a list of the top stocks that are generally part of the Nifty IT Index: Tata Consultancy Services (TCS) Infosys Ltd. Wipro Ltd. HCL Technologies Ltd. Tech Mahindra Ltd. L&T Technology Services Ltd. Mphasis Ltd. Coforge Ltd. Persistent Systems Ltd. LTIMindtree Ltd.
NSE:CNXITLong
by DailyCharts03
CNXFINANCE-Nifty Financial Services - Long -Cup and Handle DailyCNXFINANCE Technical analysis of the Nifty Financial Services Index (CNXFINANCE) on a daily time frame, using candlesticks to show price movement. Here’s a breakdown of the key elements: Cup and Handle Pattern: The chart highlight a "cup and handle" formation, which is a bullish continuation pattern. The cup is seen as the rounded bottom part of the formation, followed by a small handle that tends to consolidate before a breakout. Breakout Level: The breakout point is marked at 23,917.55, and the price has successfully broken above this level, now trading around 24,326.90, suggesting bullish momentum. Target Levels: The first target appears to be 25,329.60, as per the measured move from the height of the cup. The calculation shows a 6.27% increase from the breakout level, projecting this target. Support Levels: Price Action: The candlestick shows a strong bullish move, and the index is testing higher levels, suggesting that the momentum could take it towards the 25,329.60 target. in.tradingview.com SCRIPTS AU SMALL FINANCE BANK AXIS BANK BAJAJ FINANCE BAJAJ FINSERV CHOLAMANDALAM INVEST HDFC AMC HDFC BANK HDFC LIFE INSURANCE ICICI BANK ICICI LOMBARD GENERAL INSURANCE ICICI PRUDENTIAL LIFE INSURANCE INDIAN ENERGY EXCHANGE KOTAK MAHINDRA BANK LIC HOUSING MUTHOOT FINANCE POWER FINANCE CORPORATION REC SBI SBI CARDS SBI LIFE INSURANCE
NSE:CNXFINANCELong
by DailyCharts03
GALAXYSURF -Cup and Handle - WklyGalaxy Surfactants Ltd. shows a classic cup and handle pattern forming on the weekly timeframe. Key points of analysis include: Neckline: Around ₹3,120. Potential Upside Target: ₹4,014 based on the height of the cup (about 28.98% potential upside). Volume Spike: A significant increase in volume suggests strong buying momentum. Support Levels: ₹3,120. This breakout from the cup and handle indicates bullish sentiment, with further gains expected if the stock sustains above the neckline.
NSE:GALAXYSURFLong
by DailyCharts03