MFSL Breakout BUY!MFSL LONG SETUP
Attached: Daily Chart as of 21st June 2023
- Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO)
- Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds)
- The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside pending)
- Daily RSI crossed above 70 today
- Daily MACD gave a Buy Signal today
Upside Target= 785/ 807🎯📈
Stop Loss= Today's Low (< 710)
Cupandhandlepattern
THERMAX ANALYSIS - MAXED OUT JUST YET???This chart is self-explanatory, with highlighted 3 pairs of trendlines, 3 breakouts, 1 support level, and 2 resistance levels.
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CMP - Rs. 2377
RESISTANCE - 1: Rs. 2501
RESISTANCE - 2: Rs. 2618
SUPPORT - Rs. 2214
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Chart Patterns - Bullish Flag, Bullish Symmetrical Triangle, Descending Channel
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This is just a view by an expert analyst, please invest at your own risk.
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CYIENTCYIENT:- Cup and handle pattern has formed, wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
GESHIP - SWING TO SHORT TERM ENTRYGESHIP
* Perfect Cup N Handle pattern Breakout
* Best to enter near around 715-720 in retracement
Financial trend
Operating Profit To Interest (Q)
Highest at 11.03 times
Roce (HY)
Highest at 20.80 %
Debt-Equity Ratio (HY)
Lowest at 0.36 times
Pbdit (Q)
Highest at Rs 847.04 cr.
Operating Profit To Net Sales (Q)
Highest at 58.18%
Pbt Less Oi (Q)
Highest at Rs 602.76 cr.
Pat (Q)
At Rs 721.94 cr has Grown at 41.4 %
A Cash And Cash Equivalents (HV)
Highest at Rs 3,799.35 cr
1 Net sales (Q)
Highest at Rs 1,455.98 Cr
Grasim ☕️ Cup & Handle Pattern On daily timeframe Grasim has formed cup & handle pattern.
Entry:
We can take long trade after close of strong bullish candle above resistance zone.
Stoploss:
We can keep the Stoploss below the resistance zone.
Target:
We will keep target near the next resistance zone, as marked on chart.
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Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = Ashok Leyland
Time Frame = 1 Day
Welspun forming a cup & handle patternWelcorp has beautifully formed a cup and handle pattern in weekly time frame.
Currently, stock is trading at the neckline.
Be cautious in this stock as there can be multiple stoploss hunting before genuine breakout.
Targets can be minimum 100 points from CMP for positional and long term perspective.
SHANKARA BUILDING - MEGA RETURNS!!!BUY - SHANKARA BUILDING PRODUCTS LTD
CMP - Rs. 755
Target - 1: Rs. 1050
Target - 2: Rs. 1370
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Technicals - Cup and Handle Pattern, Bullish Flag BO
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NOTE: Both targets will be achieved within 1-2 years.
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This is just a view by an expert analyst, please invest at your own risk.
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CONCOR: Formed Cup & Handle PatternCONCOR has formed Cup & Handle Pattern and started to gave breakout from 625.
Can be added around 625-635 with expected target of 690 and set Stop loss at 600.
Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
CANARA BANK - 65% RETURNS!!!BUY - CANARA BANK
CMP - Rs. 313
Target - 1: Rs. 425
Target - 2: Rs. 518
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Technicals - Cup and Handle Pattern
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Note: Both Targets will be achieved in 9 months - 1.5 years.
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This is just a view by an expert analyst, please invest at your own risk.
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AETHERAETHER:- Stock has made cup and handle on hourly chart, keep your eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HERITAGE FOODS - 84% RETURNS!!!BUY - HERITAGE FOODS LTD
CMP - Rs. 206
Target - 1: Rs. 320
Target - 2: Rs. 380
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Technicals - Trendline BO and Cup and Handle Pattern BO
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Both Targets will be achieved in 1-2 years.
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This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
SOMICONVEYOR Elliott wave counts along with cup n handle Hello Friends,
Here we had shared possible Elliott wave counts on SOMI CONVEYOR BELT in which wave structure is clearly indicating impulse up move ahead, along with cup and handle chart pattern breakout, which is itself a fresh bullish signal.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.