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Cupandhandlepattern

INGERRAND's chart magic unveil: A Technical Analysis Masterclass Hey traders and investors! Let's explore the exciting world of Ingersoll-Rand (India) Ltd today, NSE:INGERRAND incorporated in 1921 is engaged in the business of providing solutions for infrastructure development, industrial solutions and climate control markets. Today, the company has emerged as being amongst the largest exporters of engineered goods in India. We're going to take a closer look at its stock through technical analysis, trying to uncover what the future might hold by looking at the past. 📊 The Confluence of Patterns: A Rare Spectacle In the world of stock analysis, seeing several patterns break out at the same time is like discovering a treasure in the vast sea of stocks. We've found something special on the daily chart - a cup and handle, a triangle, and a rectangle all breaking out together. It's a rare and strong sign for those trading. The Cup and Handle Breakout : A classic bullish signal, the cup and handle formation suggests a continuation of an upward trend. The beauty of this pattern lies in its simplicity and the robust move that follows the breakout. Triangle Breakout : Triangles, often indicative of a consolidation phase, break out to signal the market's decision. The direction of the breakout provides us with clues about future price movements. Rectangle Breakout : Symbolizing a period of consolidation where supply and demand find equilibrium, the rectangle's breakout points towards the market's resolve to move higher. 🔍 Volume Speaks Volumes Volume is crucial in our analysis, acting like a storyteller for price movements. High volume on bullish days shows strong interest and buying, which is a great foundation for our predictions. Yesterday's price action, breaking out with convincing volume, lays the foundation for our analysis. 📈 The Retest: An Opportunity Knocks Today's price action offers a golden opportunity as it retests the breakout levels with low volume. This behaviour is a textbook example of a successful breakout where the price seeks to confirm newfound support at previous resistance levels. Such retests are invitations for entry, with a clear risk management strategy in place. 🎯 Setting Our Sights: Targets and Strategies The depth of the cup and the rectangle, mirroring each other, project a potential upside of 17%. Our goal isn't just to reach this target but to make the most out of the journey. Using trailing stop losses can help us catch the entire rally, turning a good trade into a great one. Lastly, thank you for your support, your likes & comments. Your engagement fuels our quest for trading excellence. Remember, the path to trading mastery is both thrilling and challenging. Let the charts be your map and your analysis the compass. "Embrace the journey, for every chart holds a story waiting to be told." Please note: This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered Analyst.
NSE:INGERRANDLong
by AfnanTAjuddin
GOLD - On your Marks - Shine will RiseShinny metal poised to rise. All it needs is a bullish breakout through the Neckline weekly chart. 1) Inverter head and Shoulder pattern - Weekly chart - Target indicated on the chart 2) Longer duration Cup and Shoulder - Weekly chart - higher target indicated on the chart 3) ADX > 25 and is rising trend - gaining momentum 4) The price in the local currency can be worked out based on linearity ratio 5) Price higher than 50 DMA and rising. 50 DMA > 200 DMA This idea is for academic purpose and not a recommendation for Buy / Trade.
TVC:GOLDLong
by Darshan1971
5
GTPL | Weekly Chart | Cup and Handle Pattern | 16 months BOChart analysis: Pattern: Cup and Handle pattern is formed and currently after BO the consolidation is happening. Breakout: C&H pattern is broke the 16 months High. Volume: Volume build up is happening indicating the big player are continuously buying the share. RSI: Bullish crossover happening indicating the BO of consolidation phase Trade setup: Waiting for BO Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:GTPL
by SanjogY
Dilip Buildcon- Several hinderances to build its baseCup and handle formation in progress for the targets mentioned in the chart. Need to break the several resistances including parallel channel to reach the desired target. Entering after the C&H breakout is advisable. Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:DBLLong
by Flash_J
A PERFECT EXAMPLE OF CUP AND HANDLE PATTERN ON FSL STOCKWhat is the cup pattern? Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout. How to trade ? The buy point occurs when the stock breaks out or moves upward through the old point of resistance the volumes are also increasing mean its ready to break the cup
NSE:FSL
by tradergyan01
2
JUBLFOOD: Channel Breakout & formed Cup & Handle PatternJubilant Foodwork has given a channel breakout and also formed Cup & Handle Pattern. #Current Price - 545 #Expected Target - 651 #Resistance Based Targets - Target 1 - 557 - Target 2 - 586 - Target 3 - 625 - Target 4 - 651 #Support Based Targets (Can be used as Stoploss) - Target 1 - 505 (For low risk tradders) - Target 2 - 480.5 (For risk taking tradders) Pattern is forming on daily chart. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered. Please give a Like if you like.
NSE:JUBLFOODLong
by paras0408
Hero motors-Green days ahead?Hero motors stock has formed a cup and handle pattern from past 4 years. A breakout of this pattern will unlock new highs for the stock. From investment POV, stock offers attractive dividend yield of more than 3% at CMP. Some ratios from fundamental analysis are: D/E is almost 0 ROCE>20% ROE>15% PE is 20 at CMP For trading purposes, stock is risky considering broader markets are at lifetime high. Best buy level is anywhere close to 2930-2950 with SL of 2700 DCB. Targets are 3300 and above that stock can fly to ATH if market supports. IDEA SHARED ONLY FOR EDUCATIONAL PURPOSES.
NSE:HEROMOTOCOLong
by chartistamey