Cupandhandlepattern
Cup and handle breakout in Likhita!Likhita infra is a good investment stock.
Good cup and handle breakout will be confirmed once a weekly closing is done above 320.
Risky traders can enter today if stock closes above 320 with SL below 292 DCB.
Targets can be 370, 400++ in medium term.
Idea shared only for educational purposes.
LALPATH LAB quality gemLALPATH LAB has given breakout from a longterm pricewise and timewise correction
it has clearly break the supply zone in daily tf as well as in weekly tf
one can go long from here
put STOPLOSS BELOW 2300 AREA OR BELOW 20EMA IN DAILY TF OR 200DEMA CLOSING BASIS ONLY
always trade with your own conviction
THIS IS JUST FOR EDUCATION AND LEARNING PURPOSE
hope u guys like the idea
#UPDATE on AB Money!!On previous post of AB Money I mentioned the advantage of early entry, and by that I meant this. Today the 5 year long Cup and Handle pattern formed in AB Money(Finally) and now can be the good time to take entry in the stock.
Pros. -
1. Nice pattern
2. Not magnificent but good volume
3. Other indicators are bullish
Cons. -
1. Overbought as per RSI
Enjoy.
Note- No Financial Advice. Just a prediction.
P.S. Early birds got ~10% extra.
TataSteel - LongTata Steel has given a clear Cup and Handle breakout.
The breakout is supported by good volume as indicated in the chart.
In near term looks like it will reach 150.
CMP: 128
Target: 150
SL: 117
These are my views, please do your due delligence.
If you like this, please hit the like and follow me :)
TCS: 1.5 Year Cup Handle BreakoutTCS this week is trying to break out of a cup and handle pattern lasting 1.5 years. Volume and RSI is high this week. Coinciding with breakout in other tech stocks and CNXIT. Important it stays along with tech sector above the breakout level over next few weeks to sustain rally.
ARVINDARVIND:- Cup and handle pattern has formed on the monthly chart, if we get breakout then we can see movement to the upside
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.
PUNJAB SIND BANK - PSB - 5Year Cup Handle BreakoutPUNJAB SIND BANK (PSB) is showing a 5 year Cup Handle Breakout with high RSI and good volumes. Obviously it is the week's first day and the weekly candle is still forming so look out for the candle close is important and the breakout should sustain over the next weeks. The PSU bank sector is also bullish now as many other banks are breaking out too.