Get started

Cupandhandlepattern

ASIAN PAINTS LONG | CUP & HANDLE + RESISTANCE BREAKOUTDisclaimer: I am not SEBI certified and these are my personal views. Please do your research before making any investment decisions. Bought ASIAN PAINTS at 3100, will add more at 3050 - Completed cup and handle formation - Downtrend resistance line breakout - Resistance zone breakout(done) and retest(pending) - RSI is not overbought - Trading above 50,100,200 EMA (bullish sign) Short term target: 3290 Long term target: 3414 Finished Trades (2/2) JUBLINGREA - Target hit in 4 sessions (check out it in ideas section) CAPLIPOINT - Target hit in 4 sessions (check out it in ideas section)
Editors' picks
NSE:ASIANPAINTLong
by Pattern_Ninja
10
KOPRAN - Multiyear breakout - Cup and Handle - MonthlyKOPRAN - Multiyear breakout - Cup and Handle - Monthly Kopran Ltd. is a fully integrated pharmaceutical company that manufactures and supplies high-quality formulations and active pharmaceutical ingredients globally. Name - KOPRAN Pattern - Cup and Handle Timeframe - Monthly Status - Breakout Volume - Very Good Cmp - 335 Target - 655 SL - 326 and 290 Fundamentals: Strengths Company is virtually debt free. Company has a healthy Interest coverage ratio of 10.89. The company has an efficient Cash Conversion Cycle of 43.79 days. Company has a healthy liquidity position with current ratio of 2.22. The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.33. Limitations The company has shown a poor revenue growth of 14.84% for the Past 3 years. Company has a poor ROE of 6.79% over the past 3 years. Kopran -Latest quarter results Price ₹ 336 M.Cap ₹ 1,617 Cr PE 27.3 Item YOY Jun 2024 Mar 2024 Jun 2023 Sales ⇡ 19% 139 186 117 EBIDT ⇡ 188% 18.2 21.7 6.31 Net profit ⇡ 301% 11.1 18.6 2.77 EPS ⇡ 304% ₹ 2.30 ₹ 3.86 ₹ 0.57 Always welcome for any comments with your feedback or give it a like if you find it useful.
NSE:KOPRANLong
by VCharts_TA
1
AsianPaints | Wyckoff Events & Phases Explained !!Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases Price Action Analysis And this is the accumulation stage - 1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move. - Volume increases and price spread widens, signaling that the down-move may be approaching its end. 2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. - Often price will close well off the low in an SC, reflecting the buying by these large interests. 3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline. - A wave of buying easily pushes prices up. - The high of this rally will help define the upper boundary of an accumulation. 4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand. - If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC. - It is common to have multiple STs after an SC. 5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume. 6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS. 7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume. All the phases of accumulation stage- Phase A: Phase A marks the stopping of the prior downtrend. -- Up to this point, supply has been dominant. -- The approaching cutback of supply is evidenced in preliminary support (PS) and a selling climax (SC). -- A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. -- If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. -- Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Phase B: -- Phase B serves the function of “building a cause” for a new uptrend -- In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. --There are usually multiple STs during Phase B' -- Institutional buying and selling impart the characteristic up-and-down price action of the trading range. --Early on in Phase B, the price swings tend to be wide and accompanied by high volume. Phase C: -- It is in Phase C that the stock price goes through a final test of the remaining supply. -- this marks the beginning of a new uptrend, trapping the late sellers (bears). -- It indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. -- The appearance of an SOS shortly after a spring or shakeout validates the analysis. Phase D: --During Phase D, the price will move at least to the top --LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: --large operators can occur at any point in Phase E. --These are sometimes called “stepping stones” on the way to even higher price targets. -------------------------------------------------- Regards, Revive Traders ------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:ASIANPAINTLong
by ReviveTraders
1
PNBHOUSING -Cup and Handle -BO with Volume- WklyPNBHOUSING Name - PNBHOUSING Pattern - Cup and Handle Timeframe - Wkly Status - Breakout with volume Cmp - 977 Target - 1711 SL - 916 or breakout Candle low -850 Pattern: Cup and Handle The Cup and Handle pattern is a bullish continuation pattern Fundamentals: Good Here are some key fundamental ratios and metrics for PNB Housing Finance Ltd.: Market Cap: ₹22,426 Cr Current Price: ₹724.00 Price-to-Earnings (P/E) Ratio: 14.12 Price-to-Book (P/B) Ratio: 1.58 Return on Equity (ROE): 11.19% Net Profit Margin: 18.49% Debt-to-Equity Ratio: 3.44 PNB Housing Finance has shown a solid ROE and net profit margin, but its high debt-to-equity ratio indicates a significant level of leverage.
NSE:PNBHOUSINGLong
by VCharts_TA
UPL -Cup and Handle - Breakout with volumeUPL -Cup and Handle - Breakout with volume Name - UPL Pattern - Cup and Handle Timeframe - Daily Status - Breakout with good volume Cmp - 598 Target - 719 SL - 584 Pattern: Cup and Handle The Cup and Handle pattern is a bullish continuation pattern Fundamentals: Here are some key fundamental ratios for UPL Ltd.: Market Cap: ₹44,908.86 Cr1 Current Price: ₹598.301 Price-to-Earnings (P/E) Ratio: 14.782 Price-to-Book (P/B) Ratio: 5.981 Return on Equity (ROE): -4.83%3 Debt-to-Equity Ratio: 1.153 Dividend Yield: 0.17%1 UPL Ltd. is a major player in the agrochemical industry, but its recent financial performance shows some challenges, particularly with a negative ROE and a high debt-to-equity ratio3.
NSE:UPLLong
by VCharts_TA
1
STARHEALTH -Cup and Handle -Breakout with volSTARHEALTH -Cup and Handle -Breakout with vol Pattern: Cup and Handle The Cup and Handle pattern is a bullish continuation pattern Name - STARHEALTH Pattern - Cup and Handle Timeframe - Daily Status - Breakout with good volume Cmp - 628 Target - 736 SL - 616 Fundamentals: Here are some key fundamental ratios for Star Health and Allied Insurance Company Ltd: Market Cap: ₹36,805.87 Cr1 Current Price: ₹628.651 Price-to-Earnings (P/E) Ratio: 36.511 Price-to-Book (P/B) Ratio: 5.541 Return on Equity (ROE): 13.23%1 Dividend Yield: 0.00%1
NSE:STARHEALTHLong
by VCharts_TA
Balrampur Chini | Ready to Give Big ReturnStock Name: Balrampur Chini Mills Ltd. Why to add in a portfolio: Technically: 1. Cup n Handle formation from Nov 23 to Aug 24 2. Weekly Breakout from April 22 to Aug 24. 3. Descending Reversal (Green line) Breakout. 4. Volumes are increasing Fundamentally: 1. Revenue: Overall Revenue Rs 5593 cr in 2024. 2. Promotors have 42.9 good Equity. 3. FII & DII have 12.19 & 22.58 % equity Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
NSE:BALRAMCHINLong
by NaveenTTR
1
CRAFTSMAN [cup&handle]CRAFTSMAN The chart seems to display a cup and handle formation, which is a bullish continuation pattern. After forming the "cup" (rounded bottom), the price consolidates, forming the "handle." The breakout from the handle typically signals a continuation of the upward trend . The price appears to have broken out above the resistance level that was part of the handle, indicating a potential start of a new upward movement. The price has broken out of a consolidation pattern, indicating bullish momentum. The first and second target levels ("1st TRG" and "2nd TRG") are plotted above the current price, suggesting expected future resistance levels where the price might take a pause or reverse. 1]1st Target (TRG): The first target seems to be near ₹6,700. 2]2nd Target (TRG): The second target is closer to ₹7,800. The breakout point around ₹5,700 could now act as a support level. If the price pulls back, this level might provide buying interest. The breakout appears to be accompanied by an increase in volume, which is a positive sign, confirming the strength of the move. Retest of Breakout: Watch for a potential retest of the breakout level around ₹5,700. If the price successfully holds above this level, it would further confirm the bullish trend. Risk Management: Consider placing stop-loss orders below the breakout level or near the handle's low to manage risk effectively. Trend Strength: Continue monitoring the volume and price action as the price approaches the target levels. If the volume decreases, it may indicate weakening momentum. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
NSE:CRAFTSMANLong
by asAMOLSUTAR
WELSPUNLIV - WELSPUN LIVING LTD (Cup and Handle Breakout)WELSPUNLIV - WELSPUN LIVING LTD Trade Type - Short Term (2 month to 8 month) Trade Logic - Cup and Handle Breakout with huge volume CMP - 182.65 Time Frame - Weekly Target 1 : 200 Target 2 : 240 Target 3 : 260 Target 4 : 280 Stop : 150 Risk/Reward Ratio (1: 2.75) Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NSE:WELSPUNLIVLong
by Profit_Trader25
2
IPCALAB - CUP AND HANDLE PATTERN WEEKLY CHARTThe stock has formed CUP & HANDLE pattern on the WEEKLY chart. One can enter above 1383 or Wait for weekly candle close above 1383 with a strict Stoploss of 1240 Target 1 - 1650 Target 2 - 1820 Target 3 - 2000 #LONGTERM TRADE What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:IPCALABLong
by JJJ-555