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Cupandhandlepattern

About to Break Key LevelsNSE:TATACONSUM about to break key levels with nearing completion of a cup and handle chart pattern on Daily time frame, Good Accumulation Seen from July to Sep. 2024 around Post Rights Issue to Acquire two companies Capital Foods (Ching's) and Organic India to strengthen their product portfolio further. 1154-1168 Will be a Good Zone to add or wait for the breakout of 1255 Levels. 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:TATACONSUMLong
by Karanshah137
MUFTI | Credo Brands Marketing by KRS Charts13th Sept 2024 / 12:16 PM Why MUFTI ❓ 1. Was Correcting since listed and completed Elliot Correction wave count 5 wave Structure. 2. More Important is after 5th wave it Made Higher Lows and Higher Highs. 3. MUFTI is currently sustaining above 100 EMA which also good sign to stay Bullish. 4. Giving Little early entry before Breakout of Cup & Handle Neckline but it worth if limited positions will create here. 🙏 Approx. Target will be Around 300 Rs but once Breakout exact target will be revealed 👍
NSE:MUFTILong
by KRSCharts
4
SIEMENS | Signs of Accumulation Siemens is a global technology company with a diverse range of products and services. Here are some key stats and information about Siemens: Founded: 1847 by Werner von Siemens and Johann Georg Halske. Headquarters: Munich, Germany. Employees: Approximately 300,000 worldwide. Business Segments: Digital Industries: Automation and digitalization in manufacturing. Smart Infrastructure: Electrical equipment and smart building technologies. Mobility: Solutions for rail transportation. Siemens Healthineers: Medical technology and healthcare services. Siemens Financial Services: Financial solutions. Global Presence: Operations in over 200 countries. Sustainability Initiatives: Siemens is committed to sustainability and aims to be carbon neutral by 2030. 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅ Prior uptrend & Rounding Bottom ✅Breakout confirmed ✅Rise in Volume ✅Clear uptrend with HH & HLs sequence ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:SIEMENS
by ReviveTraders
3
Mankind Pharma Ltd - Cup with handle pattern formationThe cup with handle pattern is a bullish chart formation resembling a cup with a slight consolidation (handle) on the right. A trading strategy involves entering a position when the price breaks above the resistance level at the top of the cup, ideally after confirming bullish momentum. Mankind Pharma is forming a cup with handle pattern on the hourly timeframe, signaling potential bullish movement. The handle has formed on a flat base, reinforcing the bullish setup. Where the prior resistance become support (Support-Resistance Flip). Chart Structure: Price is creating higher tops and higher bottoms, indicating a strong uptrend where as RSI is trending higher and remains above 50, confirming positive momentum. Trade execution planned above 2835,anticipated target is above 3000, suggesting substantial upside potential if the breakout is confirmed. SL would be the last higher swing low.
NSE:MANKINDLong
by Arvind_Share_Academy
JYOTISTRUC -Multiyear BreakOut- Wkly -Cup and HandleThe Jyoti Structures Ltd. (JYOTISTRUC) chart you provided indicates a cup and handle pattern. This is a bullish continuation pattern, often signaling further upward momentum after a period of consolidation. The setup on this weekly chart is as follows: The cup portion shows a rounded bottom that has formed over a long period, spanning several years from 2015 to 2023, reflecting a reversal of the downtrend that began around 2015. The handle portion represents the current consolidation phase after the stock attempted to break above the ₹32.53 level, which is acting as a resistance zone. The breakout point for the cup and handle pattern is around ₹32.53. If the stock price closes above this resistance level with significant volume, it could confirm a breakout, leading to further gains. The height of the cup (around ₹31.48) from its low suggests a potential target of doubling the price from the breakout point, which could push the stock towards the ₹60-65 range. A sustained increase in trading volume further supports the bullish outlook, indicating growing investor interest. However, a failed breakout or drop below the handle's lower support near ₹24.11 could invalidate the pattern and lead to a pullback. Keep an eye on the breakout confirmation before making decisions.
NSE:JYOTISTRUCLong
by VCharts_TA
Metropolis Healthcare for 140%+ gainsDate: 12 Oct’24 Symbol: Metropolis Timeframe: Weekly Metropolis Healthcare seems to be in Wave 3 in larger timeframe which is heading towards its all time high (ATH) of 3575 (~57% from current price of 2275) as seen in the chart. Wave 4 is likely to come down to around 2700 levels and in Wave 5, it could target 5500-6000 (140%+ from current price). A good year ahead likely for this diagnostic company. Interestingly, the waves could also coincide with a Cup & Handle pattern formation as seen in the chart. Please note this is a long shot so take it with a pinch of salt. However, one can be confident to enter until the ATH (whatever route the price movement takes). This is not a trade recommendation. Please do your own analysis. And I’ve the right to be wrong. Aisa lagta hai ki Metropolis Healthcare badi samay seema mein Wave 3 mein hai, jo 3575 ke apane sarvakaalik uchch (ATH) (2275 ki vartamaan keemat se ~57% high) ki or badh raha hai, jaisa ki chart mein dekha gaya hai. Wave 4 ke 2700 ke star tak neeche aane ki sambhaavana hai aur Wave 5 mein, yeh 5500-6000 (maujooda keemat se 140%+) ka lakshya rakh sakta hai. Is diagnostic company ke lie aane vaala saal achchha rahane kee sambhaavana hai. Dilchasp baat yah hai ki Waves Cup aur Handle ke gathan ke saath bhee mel kha sakti hain jaisa ki chart mein dekha gaya hai. Kripya dhyaan den ki yah ek lamba shot hai isliye ise thodi satarkta se trade karein. Haalaanki, koi bhi ATH (keematon mein utaar-chadhaav chaahe jo bhee raasta apanae) tak pravesh karne ke lie aashvast ho sakta hai. Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan swayam karen. Aur mujhe galat hone ka adhikaar hai.
NSE:METROPOLISLong
by DhandhaPaani
CGPOWER -Cup and Handle -Breakout - DailyThe chart for CG Power and Industrial Solutions Ltd. shows a clear Cup and Handle pattern, which is a bullish continuation pattern. This is confirmed by both price action and volume. Below is a breakdown of the technical and fundamental aspects of the stock. Technical Analysis: Cup and Handle Pattern: The chart clearly depicts a Cup shape, where the stock gradually moved lower and then formed a rounded bottom. The Handle follows a smaller, tighter consolidation just before a breakout. A breakout from the handle suggests a potential continuation of the previous uptrend, which has already been confirmed by a move above 814.40 INR. Volume: There is an evident volume spike during the breakout from the handle, indicating strong buying pressure, which is a key confirmation for this bullish pattern. This increasing volume during the breakout is essential to validate the move upward, and it suggests a likely continuation of the rally. Price Targets: The measured move from the bottom of the cup to the resistance (around 136.25 INR) is projected upwards from the breakout point. The first target is set around 919.25 INR, which is approximately 17.42% above the current breakout level. An extended target can be projected beyond this, but the 919.25 INR level acts as the immediate resistance. Support Levels: 782.45 INR is the key support level, acting as the breakout point of the handle. 643.15 INR is a more extended support level based on historical price action. If the stock retraces, this level might be tested. Trend: The overall trend is bullish, supported by the stock’s higher highs and higher lows. The recent consolidation was necessary for the continuation of the uptrend. Risk Management: A stop-loss can be placed below 782.45 INR or 643.15 INR, depending on risk tolerance. Fundamental Analysis: Company Overview: CG Power and Industrial Solutions Ltd. is involved in manufacturing electrical equipment and industrial solutions, which includes transformers, switchgears, and motors. With increasing investments in infrastructure and industrial sectors, the company stands to benefit from both domestic and international growth. Financial Health: The company has seen improved financial performance in recent quarters, with growing revenues and improved margins due to operational efficiencies. Key financial metrics like Return on Equity (RoE) and Net Profit Margin have improved, signaling strong financial health. Sector Outlook: The power and industrial solutions sector is expected to witness strong demand, driven by investments in infrastructure and renewable energy. Government policies encouraging industrial expansion and power grid modernization further support a bullish outlook for companies like CG Power. Recent Developments: Recent earnings reports have indicated significant improvements, and management’s forward guidance has been positive, hinting at sustained growth in the upcoming quarters. Conclusion: Technical Outlook: The Cup and Handle pattern suggests a potential rally towards 919.25 INR, with strong buying interest indicated by volume spikes. Fundamental Outlook: The company's fundamentals are sound, with increasing revenues, improved profit margins, and a favorable industry outlook. The stock has a bullish setup both technically and fundamentally, making it attractive for medium to long-term investors. However, appropriate risk management is essential, especially around key support levels.
NSE:CGPOWERLong
by VCharts_TA
KELLTON TECH SOLUTIONS By KRS ChartsDate: 11th July 2024 Time: 9:40AM Why KELLTON TECH? 1. Currently Sustained at All-time High Price with Strong Breakout. 2. Cup & Handle Chart Pattern is visible in Weekly and Monthly TF. Also Volume is noticeably increased from year 2021 compared to its previous years. 3. RSI above 60 and Positive Crossover in MACD. 120 to 130 Rs can be better price if Correct little bit from here If it breaks Neckline at least in Daily TF, It can achieve 255 Rs price point from current price level.
NSE:KELLTONTECLong
by KRSCharts
META - Cup and Handle - Daily - LongThis chart appears to be for Meta Platforms, Inc. (META) and features a technical analysis of the stock price movement on the daily timeframe. Key components: 1. **Cup and Handle Pattern**: A bullish technical pattern is formed in the chart, indicating potential continuation of the uptrend. The "cup" is the rounded bottom, and the "handle" forms a consolidation before the breakout. 2. **Breakout**: The stock seems to have broken out of the handle's resistance zone, pushing higher, which confirms the bullish breakout. 3. **Price Targets**: Price targets are marked above the breakout: - One at $638.55, which could be the result of projecting the height of the cup from the breakout level. 4. **RSI Indicator (Relative Strength Index)**: The RSI is around 79.40, showing the stock is in overbought territory, which could mean some consolidation or pullback before the next move. 5. **Volume**: A notable volume spike occurred during the breakout, adding further confirmation to the bullish momentum. This setup suggests continued bullish momentum, but overbought conditions on the RSI might lead to short-term corrections.
NASDAQ:METALong
by Vem_TA_Charts
NLCINDIA - Cup and handle pattern- Multiyear Breakout**NLC India Ltd** monthly price chart with a **cup and handle pattern** visible. Here’s a breakdown of the analysis: ### 1. **Cup and Handle Pattern** - **Cup Formation**: The rounded bottom starting from the high in 2007 to the low in around 2011 shows a long-term downtrend that eventually bottoms out. This cup pattern reflects a long period of accumulation after a major selloff. - **Handle Formation**: After the cup formation, there is a consolidation phase that forms a handle. The recent price action shows a breakout from this handle. - **Implication**: This is a bullish continuation pattern. The breakout above the handle indicates that the stock could experience a significant upward move. ### 2. **Breakout Confirmation** - The price has broken out above the resistance at **₹257.50** and now continues towards the upper targets around ₹311.80 and ₹514. - **Target**: A measured move for this pattern suggests a potential target based on the height of the cup, which aligns with the ₹311.80 level. A further target can be considered by doubling the breakout height is ₹514. ### 3. **Volume Spike** - There’s a noticeable volume spike during the breakout, which confirms the strength of the upward move. The increasing volume signals strong interest and buying pressure, adding conviction to the bullish breakout. ### 4. **Support Levels** - The key support levels are at **₹257.50**, which was previously a resistance point and could now act as a support in case of a pullback. - The next significant support level is around **₹194** handle low. ### 5. **Conclusion** - The chart is bullish with the cup and handle breakout backed by strong volume. If the breakout sustains, the next key resistance zone is around ₹311.80, and beyond that, there could be higher targets based on the long-term trend. This setup is considered bullish, and further upward movement is expected if the breakout sustains.
NSE:NLCINDIALong
by VCharts_TA
APOLLOTYRE -Cup and Handle Pattern - Breakout - DailyAPOLLOTYRE - Watchout for pull backs It looks like you uploaded multiple stock charts, including for M&M Financial Services Ltd (M&MFIN) and Apollo Tyres Ltd (APOLLOTYRE). Here’s a quick technical analysis based on the charts you provided: ### . **Apollo Tyres Ltd (APOLLOTYRE)** - **Cup and Handle Pattern with Double Bottom:** The chart displays a **double bottom within a larger cup and handle** pattern, which typically signals strong buying momentum. - **Breakout:** - The stock has broken through the resistance level of **₹558.00**, showing strong bullish momentum. - Next major target appears to be around **₹687.05**, a rise of around **23%** from the breakout point. - **Volume Spike:** There is a sharp increase in volume, signaling institutional participation and validating the breakout. - **Support Levels:** After breaking through **₹558**, it should act as a key support, with **₹533** serving as a lower safety net. Stocks showing bullish patterns with notable breakouts from critical resistance levels, indicating potential upside movements in the near term. The increase in volume on both charts further reinforces the potential strength of the breakout moves.
NSE:APOLLOTYRELong
by VCharts_TA
M_MFIN - Cup and Handle -breakout -Retest -DailyThe chart of M&M Financial Services Ltd (M&MFIN) indicates a classic cup and handle pattern forming, which is a bullish continuation signal typically pointing to a potential breakout. Key Observations: Cup and Handle Formation: The chart shows a rounded "cup" shape between mid-2023 and mid-2024, followed by a smaller consolidation resembling the "handle." This pattern suggests a period of accumulation, where selling pressure decreases, and a bullish breakout could follow. Resistance and Breakout Level: The breakout point from the cup's rim is around ₹314, as highlighted. The stock appears to have broken out of this resistance level, now trading above ₹340. Measured Move Target: Based on the pattern's depth, the chart marks a target price around ₹391.15, representing a potential 24.68% gain from the breakout level. The target is calculated by projecting the depth of the cup upward from the breakout point. Volume Activity: The volume profile indicates a healthy increase as the stock moves up, supporting the breakout. Volume typically spikes during breakouts from such patterns, confirming the validity of the move. In summary, if M&M Financial Services sustains its move above ₹314 with increasing volume, the next target of ₹391 becomes achievable. However, watch for potential pullbacks or false breakouts, which are common with this pattern.
NSE:M&MFINLong
by VCharts_TA
Crossover Swing + Breakout Trade - HINDALCO📊 Script: HINDALCO 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminum Products Key highlights: 💡⚡ 📈 Script is trading at upper band of BB and giving breakout of it. 📈 Script is giving Cup & handle Pattern Breakout on daily chart. 📈 Already crossover in MACD. 📈 Double Moving Averages are giving crossover. 📈 Right now RSI is around 66. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 717 🟢 Target 🎯🏆 - 810 ⚠️ Stoploss ☠️🚫 - 672 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:HINDALCOLong
by radha_23
AMBER - Cup and Handle -Breakout - Good Vol -Daily Here's an analysis of the key features: 1. Overall Pattern: The stock has formed a large cup and handle pattern over the past year, with the handle recently completing. 2. Recent Price Action: - The stock has broken out of the cup and handle pattern with a significant bullish move. - Current price is 4,994.65 INR, up 14.88% on the day, indicating strong buying pressure. 3. Key Levels: - A major resistance level at around 4,633.90 INR has been broken, which could now act as support. - The previous high of 5,187.95 INR (marked as "High" on the chart) has been surpassed. 4. Volume: - There's a substantial spike in trading volume coinciding with the breakout, supporting the bullish move. - The volume is significantly above the volume moving average, indicating strong buying interest. 5. Price Targets: - The chart shows a potential long-term target of 6,281.05 INR. - This target represents a potential gain of 35.42% from the breakout point. 6. Support Levels: - The previous resistance at 4,633.90 INR should now act as support. - There's another support level at 4,382.00 INR, which was the low of the breakout candle formation. - There's another support at 4,006 INR, which is low of the box formation. 7. RSI (Relative Strength Index): - The RSI at the bottom of the chart shows an uptick, confirming the bullish momentum. - However, it's not in extremely overbought territory, suggesting there might still be room for further upside. 8. Historical Context: - The stock has been in an overall uptrend since late 2023, with the cup and handle formation developing over this period. - The current move represents a significant breakout from this pattern. Overall, the chart presents a bullish outlook for Amber Enterprises (I) Ltd. The breakout from the cup and handle pattern, supported by high volume, suggests potential for further upside. The next key level to watch would be the target at 6,281.05 INR. However, traders should be cautious of potential short-term pullbacks due to: 1. The large single-day move (14.88%) 2. The stock being at all-time highs, which could lead to some profit-taking It would be prudent to watch for how the stock behaves around the current level and whether it can hold above the broken resistance at 4,633.90 INR in case of a pullback. The strength of the move and the volume supporting it suggest that any pullbacks might be seen as buying opportunities by the market.
NSE:AMBERLong
by VCharts_TA
SUNTV | Head & shoulder + Cup & handle Trapping ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️ 💡FNO Stocks Trading📉📈📊 ✅Check out my TradingView profile to see how we analyze charts and execute trades. ✅We can't conduct a thorough analysis in such a short span of time. We need to review it, post our findings, and then take action. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:SUNTVLong
by ReviveTraders
07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕ Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo. There is so many ways to approach chart patterns, everyone has different approaches and different insights. Some Examples of Cup & Handle pattern we have seen:- 1) 2) 3) 4) 5) 6) POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:KOTAKBANKEducation
by ReviveTraders