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Cupandhandlepattern

INFY - 3 YEAR LONG CUP AND HANDLE PATTERN BREAKOUTChart Pattern: A 3-year-long Cup and Handle (C&H) breakout is visible, which is a strong bullish continuation pattern. The breakout has occurred above the resistance level of ₹2,000. Key Levels: Target Levels based on the height of the cup: First Target: ₹2,204.75 Second Target: ₹2,437.75 Final Target: ₹2,704.65 Volume Analysis: The breakout is accompanied by increasing volume, confirming strong buying interest. Previous volume spikes indicate accumulation during the handle formation. Moving Averages: Price is trading above the 50-day and 200-day moving averages, which confirms a bullish trend. The moving averages are sloping upward, supporting further price momentum. Momentum & Confirmation: The stock has successfully retested the breakout zone, validating the strength of the breakout. Price action suggests continuation toward the next resistance zones as marked.
NSE:INFYLong
by Profit_Trader25
PRECISION CAMSHAF NSE By KRS ChartsDate : 23rd May 2024 Time : 1:08 pm Fundamentally Profitable Company Precision Camshaf is showing bullish trait. --> In Weekly TF Cup & Handle Chart Pattern is visible with Bullish Continues Divg. with recent Low price point. ---> Breakout of C&H was held in July after that price action creating Flag & Pole Pattern from that time period, and currently took support from 100EMA and Neckline of C&H pattern. Very First Upside Target is 333 Rs which is height of flag , Further Targets will be after price reach T1. Thank You! Have A Good Day!
NSE:PRECAMLong
by KRSCharts
SARLAPOLY By KRS Charts27th Nov 2024 / 3:30 PM Why SARLAPOLY ❓ 1. Stock was Stuck under 80 Rs. Resistance since many Years and this year in May it broke the resistance and sustained above 80 Rs. 📈 2. Fundamentally Good company with less than 15 P/E. 💪 3. With Accumulations on Higher TFs SARLAPOLY is making Cup & Handle Pattern. ☕ 4. As we discuss it already Broke 80 Rs. Range and recently it retests too on same resistance this makes my conviction strong on this 💪 5. Today giving 15 % Upside move with Strong Volume is confirmed Entry. ✅ Target is expected 145 Rs in Medium to long Term With SL of 78 Rs 1W Closing basis.
NSE:SARLAPOLYLong
by KRSCharts
2
RVNL Forming Good Patterns. Ready for an upmove?RVNL At a support level and forming multiple patterns. It offers good RR at this level. - Double Bottom -Cup & Handle -Trendline Breakout. -Candles were narrow right before a breakout and volumes were dry during the pullback. Positional SL is 13%, If you are an aggressive player then you can place the SL below 428. Adjust the SL and Targets as per your style/appetite. 520 will be a crucial level. Watch the PA there and decide on booking/further addition or fresh entry. Please consult with your financial advisor before investing. The chart shared is for educational purposes.
NSE:RVNLLong
by sagartharayil
BSE Possible Cup and Handle aheadNSE:BSE Possible Cup and Handle ahead a Close above 4990 to 5000 Will Confirm it. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:BSELong
by Karanshah137
LAURUSLABS - Cup-and-handle - BO - wklyLAURUSLABS This chart depicts **Laurus Labs Ltd.** and showcases a **cup-and-handle** breakout pattern. ### Observations: 1. **Cup-and-Handle Pattern**: - The stock formed a rounded "cup" with a resistance around ₹516.70. - A brief consolidation (the "handle") followed, leading to a breakout above ₹516.70. 2. **Breakout Confirmation**: - The price closed at ₹567.15 (+10.64%), indicating a strong breakout. - The breakout is supported by high volume, confirming buying interest. 3. **Measured Target**: - The height of the cup (~₹237) added to the breakout point (₹516.70) gives a target of **₹753.00**. - This represents a potential upside of ~46% from the breakout level. 4. **Support Levels**: - The breakout level at ₹516.70 now acts as immediate support. - Stronger support lies near ₹440 (handle base). 5. **Volume Spike**: - Significant volume during the breakout signals strong momentum, increasing the likelihood of the price reaching the target. ### Potential Strategy: - **For Bulls**: - Entry on pullbacks near ₹516.70 or on dips above ₹550. - Target: ₹753.00. - Stop-loss: Below ₹500 (to account for false breakouts).
NSE:LAURUSLABSLong
by VCharts_TA
Swing 1.The chart shows a historical performance of the stock, with significant volatility over the years. The stock experienced a major uptrend around 2006-2008, followed by a prolonged downtrend from 2008 to 2020. 2. Key Resistance Breakout The stock has recently broken above a long-term resistance level at approximately ₹65.76 (marked by the orange line), which has acted as a ceiling for price movements since 2009. 3. Current Momentum The stock is showing strong bullish momentum, with the recent monthly candle closing significantly higher (+30.97%) at ₹65.68. This breakout suggests a shift in trend, with the potential for further upside if it sustains above ₹65.76. 4. Volume Though not visible here, a breakout on higher volume would confirm stronger buying interest. 5. Outlook If the stock sustains above ₹65.76, it may aim for higher targets, potentially revisiting levels from the 2008 highs. However, a failure to sustain this breakout might lead to a retest of support levels around ₹50-₹55. This breakout on a monthly timeframe is significant and suggests a positive long-term outlook for the stock, provided the breakout is confirmed with follow-through buying.
NSE:OILCOUNTUBLong
by iamsaurabh533