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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