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Cupandhandlepattern

Fundamentally Strong Stock Breakout🌟 **Stock Alert: MUTHOOT Finance (CMP: ₹1415)** 🌟 📊 **Fundamentally Strong Pick!** 🎯 **Targets: ₹1500 and ₹1700 (Minimum)** 📉📈 **Technical Analysis: Cup and Handle Breakout!** 🚀 **Reasons to Consider:** 1. **Fundamental Strength:** MUTHOOT Finance boasts robust fundamentals, making it a resilient choice in the market. 2. **Cup and Handle Pattern:** Technical analysis indicates a potential breakout, suggesting a bullish trend ahead. 3. **Current Entry Point:** At the CMP of ₹1415, it presents an appealing entry opportunity. 🛑 **Stop Loss (SL):** ₹1280 💼 **Investment Strategy:** - **Entry Point:** Enter at CMP (₹1415). - **Stop Loss:** Set a protective Stop Loss at ₹1280 for risk management. - **Hold Period:** Aim for minimum targets of ₹1500 and ₹1700 for potential gains. 📉📈 **Disclaimer:** Remember, all investments carry inherent risks. Stay informed, and consider seeking advice from financial experts before making investment decisions. 👀 **Monitor market developments and news for timely adjustments. Best of luck with your investment!** 📊🚀
NSE:MUTHOOTFIN
by stockxwatcher
2
Investment pick- Marksans pharmaMonthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock. We have seen an ATH breakout already and a consolidation/retracement is bound to happen. The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105 Keep this stock in your watchlist. For investment, stock can be added at CMP as well with buy on dips strategy. Stock fundamentals: Category-Midcap Sector-Pharma Industry-Pharma(Bulk drugs) 10 Year compounded profit growth:- 19% Ratios at CMP:- Stock PE:-19 ; Ind. PE:- 26 Debt to equity:- 0.07 (negligible) ROCE:- 22%; ROE:-20% ; P/B:- 3.07; PEG:- 0.34
NSE:MARKSANSLong
by chartistamey
2
Weekly breakout with VolumeAdvanced Enzyme has made a consolidation breakout. Breakout is supported with high Volume, which is almost 4 times of its average volume. The breakout is also made Cup & Handle pattern over a period of almost 2 years. This pattern is generally quite reliable for the further hike in stock price. Breakout level : 350 CMP : 360 SL: 345 Targets : 410 / 480 Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit & learn from my market understanding. Please do your due diligence before making a trade.
NSE:ADVENZYMES
by anuragcoma15
SOMANYCERA - Huge potential. Bullish pennant + Huge Cup & handleThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. This is a continuation breakout chart. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:SOMANYCERALong
by TradewithAditya
Apollo Tyre is looking for an awesome BO #SuperChartzKey levels: Support: 415 CL Resisitance: 473, 514, 589 Description: Fundamental are very strong: The company's decision to reduce debt is a fundamental strength. It enhances financial stability, reduces interest expenses, and reflects a prudent financial management strategy. A consistent and healthy dividend payout of 40.6% indicates strong cash flow and financial confidence. This is attractive to income-focused investors seeking reliable returns from their investment. The increase in EPS from 6.25 to 7.4 signifies improved profitability. This growth reflects the company's ability to generate higher earnings, a fundamental indicator of financial health and efficiency. Technicals on chart is promising: Cup and Handle Breakout: The technical analysis reveals a Cup and Handle breakout on the daily chart, signaling a potential shift in momentum to the upside. This bullish pattern is often seen as an opportunity for traders to capitalize on potential price appreciation. Chart Momentum: The positive technical momentum is indicative of increased buying interest. Traders and investors may interpret this breakout as a signal to enter positions with the anticipation of upward price movement. Market Sentiment: The Cup and Handle breakout not only provides a technical entry point but also reflects positive market sentiment. This can attract additional investors seeking to benefit from the perceived bullish trend.
NSE:APOLLOTYRELong
by SuperChartz
5
AMARAJABAT: Likely to form a Cup & Handle PatternAmara Raja Battery is likely to form a Cup & Handle Pattern. Wait for breakout from 710 level. #Current Price - 645 #Expected Target - 970 #Resistance Based Targets - Target 1 - 790 - Target 2 - 880 - Target 3 - 970 #Support Based Targets (Can be used as Stoploss) - Target 1 - 671 - Target 2 - 608 Pattern is forming on weekly 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.
ALong
by paras0408
DLF: CUP AND HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 468 and keeping a stop loss of 400 , look for the target of 600-800 in the coming weeks and months. Buy: CMP Stop loss : 400 Targets: Tgt 1: 600 Tgt 2: 800 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:DLFLong
by TradingSutra