Cupandhandlepattern
WELCORP-Welspun Corporation - Cup and HandleWelspun Corporation Ltd has given a cup and handle breakout.
As can be seen in the chart, the breakout is with a great volume.
RSI is around 73, MACD has also given a breakout.
As per the chart, target could be around 290 to 299.
Neck line can be considered for stop loss.
Trade with Care !!
CAN IT GIVE A BREAKOUT ??Crisil looks strong and can give a breakout if a 1-hour candle sustains above 3800. One can take a long entry with a strict SL of 3500 with a target of 4400. One can trail the stop loss to cost once it reaches 4000.
get into the trade, taking your position sizing in mind and with proper risk management.
CUPID Ready for big breakoutCUPID Ready for big breakout
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MANGALORE CHEM & FERT - Monthly chart analysis The analysis is done on Monthly TF hence price may take few weeks to several months in order to reach the targets.
Trade setup is explained in image itself.
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.
ZEEMEDIA [bullish]buy above 21
trg 22.10, 23.10, 24.10
sl in paid
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TARGET 1 Achieved in Deepak Fert 40% profitDeepak Fertiliser after forming C&H breakout above levels marked on the chart with great volumes. Post this breakout target 1 is now achieved.
Kindly check previous Deepak Fertiliser idea posted with all details.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HAL ready for a cup and handle breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since September 2021 (if we look at the weekly charts then we can see that the consolidation has been going on since August 2020), NSE:HAL is going to break out from a cup and handle pattern. Volume is also increasing. If the stock breaks out above Rs.1500 then it will be a good buy with the stop just below Rs.1400.
Other fundamentals:
1. India will 'possibly' not import any defence items going forward: Defence Ministry official
2. Hindustan Aeronautics Limited informed that in a major boost to Atmanirbhar Bharat Mission, as per Press Information Bureau, CCS has approved the procurement of 15 Light Combat Helicopters (LCH) Limited Series Production (for Indian Air Force 10 and Indian Army 5) from the Company.
3. Average Roe for last 3 and 5 years more than 15%
4. Borrowings came down from nearly 6000 crores in March 2020 to 6 crores in September 2021
5. Dividend yield of 2.69% (consistent dividend payer since 2016)
6. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 106 (greater than 3 is good), Current ratio at 1.65 (greater than 1.5 is good).
7. FII stake increased from 0.30% in December 2020 to 3.15% in December 2021.
CG Power (Cup and Handle Breakout) CG Power... Cup and Handle Breakup... Time to Buy this stock if RSI Above 60 for closing basis...
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Please consult your advisor before investing. Personal opinion only for education purpose.