Cupandhandlepattern
Right time to invest in WIPROIn weekly chart we can see after double top price was fall. And whole 2023 reate a strong support at 441.70.
Very Strong Support - 441.70
Now 464 resistance level is breaking. If we see this week creating a red candle but volume is good and as expected price will go higher and touch 500 within couple of month.
It Creating cup and handle pattern.
If we see very carefully couple 7 consecutive 7 week creating green candle with a good volume.
It's a good sign for investor.
GODREJ INDUSTRIES - MID TERM ANALYSIS - 30th December #stocksGODREJ INDUSTRIES (1M TF)
Mid Term Trade Analysis given on 30th December, 2023
Pattern: CUP & HANDLE BREAKOUT
- Breakout of Resistance - Done ✓
- Volume Spike Buildup at Resistance - Done ✓
- Retracement & Consolidation - In Progress
- Targets are much larger, but lets start somewhere
#stocks #swingtrade #chartanalysis #priceaction #traderyte
3i Infotech- BULLISH(Daily) BULLISH(Weekly) BULLISH(Monthly)3i Infotech- Inside the monthly cup and handle pattern, a weekly cup and handle formed and broke out. After that Flag pattern formed in daily and brokeout today for the target of 50, 60, 70, 120 and 220 finally in a longer term.
Note: This is for educational purpose only.
JKPAPER | CUP & HANDLE BREAKOUT near ALL TIME HIGHS!A strong Cup & Handle formation with a Healthy Breakout of both Price & Volume. Target planned as the Height of the C&H Neckline.
C&H structures are High Probability Continuation patterns showcasing a solid base ( Cup ) & good consolidation ( Handle )
Disclaimer: This is merely an observation & NOT a Trade recommendation. Please take trades at your own discretion & analysis.
ROTO PUMP UPTRENDNSE:ROTO Pumps Ltd. The stock has competed 2 down cycle and 1 Up cycle making higher highs in up cycle and higher lows is down cycle. The stock is trending since 21-11-2022 backed by improved quarterly / yearly earnings. In process of completing #cupandhandle pattern formation.
Open for further studies not a recommendation. Please do your risk analysis prior to investing. Stock Market is subject to market risk please make your own due diligence prior investing.
CONCOR: Channel Breakout & formed Cup & Handle PatternContainer Corporation has given a channel breakout and formed Cup & Handle Pattern.
#Current Price - 730
#Expected Target - 870
#Resistance Based Targets
- Target 1 - 750
- Target 2 - 780
- Target 3 - 814
- Target 4 - 870
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 688 (For low risk tradders)
- Target 2 - 663 (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.
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KOTAKBANK - Cup & HandleKotak Bank is in a Rectangle Channel on Weekly Charts, while on Daily chart a potential Cup & Handle formation is seen. With 20 DEMA crossing 200 DEMA making a positive crossover. There could be a possible breakout of Cup & Handle pattern breakout in near sessions. Buy @ 1850 with a Stop loss of 1687 for the short term target of 2075.
NIFTY MEDIA Sector Analysis (1W TF) - 16th December 2023#NIFTYMEDIA Sector Analysis (1W TF)
Pattern: RECTANGLE BOX BREAKOUT
(Or Inverted HnS or Cup and Handle)
- Breakout of Neckline Resistance expected
- Wait for Breakout
#stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Zen Technologies- Flag pattern and Cup and handleZen Technologies- On the verge of flag pattern breakout to complete the cup and handle pattern.. Once both the flag pattern and 790 broken it will be easy target to achieve 900 in short term. The long term target is 1500.
Note: This is for educational purpose only.
3i Infotech- c&h, flag pattern, RB3I infotech- After a small cup and handle breakout in weekly. it formed a flag pattern and today this breakout is happening for the initial target of 60.. then in the longterm bigger targets until 220 is there which will take time and will be shared later once it reaches 120.
Note: This is for educational purpose only.