QUESS Cup and Handle breakout!Interesting chart pattern observing on chart. Although stock is going with downtrend from long time. But chart pattern telling the stock is on revering.
Rounding bottom, CUP & HANDLE formation.
Taking Trendline support.
Just crossed 200DMA and taking it as support
Volume building up.
I am suggesting for long term trade (more than 6 months) and maintain the Stop Loss and Trail it time to time.
Here I am giving the multiple targets. Please go through the chart to get the Targets and Stop Loss level.
Cupandhandlepattern
Jamna Auto - big breakout stock gaining momentumJamna auto cmp is 107
The stock made high of 100 in year 2017 and then made low of 21 durind covid crisis. Then again touch high of 130 plus levels and now trading at 105-107.
The stock is making cup and handle pattern, also big buying volumes have come around 100-110 levels, suggesting big move coming up for atleast 170 levels.
Then may go past 200 levels.
Over fundamental basis , annual profits are increasing yoy basis supporting increase in the share price.
Thanks.
Latent View: Cup and Handle B/OA cup and Handle B/obreakout is happening on Daily chart of NSE:LATENTVIEW . One can crete a fresh position in the scrip near 378 with SL of 358 for 1st target of Rs. 398, then 2nd target of 418 and the final target is 438.
The risk to reward ration is 1:3
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Cup and handle in Mishra dhatu NigamMIDHANI has formed a beautiful a beautiful cup and handle pattern from 2020. Now, the stock is standing near its neckline and is looking strong.
However, the stock has rallied from quite some time now so wait for consolidation after breakout or a retracement to get a good SL. Currently, 230 is a strong support.
Positional Target can be 350 which is 90 points(the length of handle above the neckline) .
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
Don't let NEULAND get Out of Hand !!!-Annual Revenue rose 26%, in the last year to Rs 1,200 Crores. Its sector's average revenue growth for the last fiscal year was 8.4%.
-Annual Net Profit rose 156.2% in the last year to Rs 163.5 Crores. Its sector's average net profit growth for the last fiscal year was 1.3%
-Price to Earning Ratio is 24.9, lower than its sector PE ratio of 42.6.
-FII/FPI have increased holdings from 18.14% to 20.19% in Jun 2023 qtr.
-Mutual Funds have increased holdings from 0.99% to 1.57% in Jun 2023 qtr.
Neuland Laboratories is engaged in manufacturing and selling of bulk drugs and caters to both domestic and international markets.
Their products are exported to more than 35 countries including Germany, Italy, Switzerland, the UK and the Netherlands.
Unleashing the 6-Year Cup and Handle Breakout with huge Volume📈 Symbol: AGRITECH
📅 Timeframe: Weekly
🎯 Entry: 155
🎯 Targets: 220,250,300
🛑 Stop-loss: Below 112
Introduction:
Hello traders! An extraordinary opportunity is at hand as we witness the majestic breakout of a 6-year Cup and Handle pattern on stock AGRITECH. With robust volume support, we're eyeing impressive targets at 220,250, and 300. Let's delve into this epic trade setup.
Embracing the Cup and Handle Breakout:
1. The Cup and Handle Marvel:
A 6-year journey has led AGRITECH to craft an awe-inspiring Cup and Handle pattern on the weekly chart. This formation showcases a cup-like structure followed by a smaller handle, indicative of a potential bullish trend reversal.
2. Volume Surge, the Echo of Conviction:
Hold your breath for this – the breakout is accompanied by a surge in trading volume, like the crescendo of a grand symphony. This colossal volume support validates the breakout's strength and potential continuation.
3. Strategy in Action:
Position yourself wisely with an entry at 155 after the majestic Cup and Handle pattern's breakout. The confirmation of the pattern and the robust volume provide a compelling backdrop for this entry.
4. Aiming for the Stars – Target Levels:
We're not stopping at ordinary targets. Our sights are set on the stars:
Target 1: 220
Target 2: 250
Target 3: 300
These ambitious targets align with the monumental nature of the breakout and the conviction signaled by the volume surge.
5. Navigating with Prudence:
Mitigate risk by placing a stop-loss just below 112. This safeguard allows for minor price fluctuations while maintaining a balanced risk-to-reward ratio.
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Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors!
C&H pattern in this pharma stockAmi organics has formed a cup and handle pattern and is currently trading near its neckline.
Breakout from this pattern can bring good upside in this stock.
Minimum target can be 1420 above which stock can reach levels of 1700.
Trade is risky since stock is near ATH.
IDEA IS SHARED ONLY FOR EDUCATIONAL PURPOSES
Can Linde perform like Ariana Grande ?Rising Channel suggests upward trend along with a continuation pattern.
-Annual Revenue rose 49.5%, in the last year to Rs 3,239.5 Crores. Its sector's average revenue growth for the last fiscal year was 17%.
-Annual Net Profit rose 6.1% in the last year to Rs 538.1 Crores. Its sector's average net profit growth for the last fiscal year was 5.4%.
Linde India Limited, a subsidiary of BOC Group,UK (owns 75% stake in the co), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non cryogenic air separation plants.
Gas and Related Products:
It comprises of pipeline gas supplies to large industrial customers like primary steel, glass and chemical industries, supply of liquefied gases through Cryogenic tankers (Bulk) to cater to demand across a wide range of industrial sectors and compressed gas supply in cylinders (Packaged Gas) for meeting smaller demand for gases mainly across fabrication, manufacturing and construction industry.
Healthcare business:
It provides high quality gases for pharmaceutical use such as medical oxygen, synthetic air and nitrous oxide in addition to providing state of the art medical gas distribution systems to major hospitals.
Long Setup C&H Pattern in Religare, Confluence with Price ActionHello Everyone, Hope you all are doing Fine . Today we are going to talk About Religare buy opportunity. I will Explain Everything Each minor Details why I would go LONG in This Stock.
As you can Already see in the Chart . Price is Already above 200 SMA , Which means Price is in Uptrend in Daily and Weekly time Frame.
Major Resistance Level ( SupplyZone) is 190 to 194 Level. Previously Price reached to that Level and Correct itself and Reverse it from there.
Now the Scenario is Different Price again reached to that Level But this time With Good Volume and Cover Almost Last 3-4 session candle .
Cup & Handle Pattern Spotted as well . Which gives us more Confirmation to go long in this Stock.
Entry = 190
SL = 160
TGT = 260
Please do your Research Before Get into buying . This is my Style of Trading and I am sharing this to you because this Trading Style Suits me .
If you Have any Question Regarding this IDEA. Feel Free to comment down Below .
HAPPY TRADING !!
Disclaimer-: View is just for Educational purpose only.
Consult your financial advisor before taking any financial Decision.
Take a Long with Bikaji, TECHNOFUNDA StrategyIt's just giving a breakout and forming Cup and Handle pattern.
Take a long until the quarterly result shows strong growth.
Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies.
Reason for long
Prices for raw materials and packing materials were lower, lower during the quarter
The volume growth can come in the festival session
The FII And DII holding increased
During the quarter, they acquired 49% stake in small brand, Bhujialalji Private Limited
Keep track the quarterly result and concoll of company