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Cupandhandlepattern

FORTIS | Cup and Handle Breakout | DailyHere’s the **technical analysis** for **Fortis Healthcare (FORTIS)** --- ### 📝 **Technical Analysis – Fortis Healthcare (Daily Timeframe)** **Date:** May 28, 2025 **Pattern Identified:** ✅ *Cup and Handle Breakout* --- ### 1. **Chart Pattern Overview** * A well-formed **Cup and Handle** pattern is visible. * The breakout level was **₹700**, and price is currently trading at **₹710.60**, confirming the breakout with a retest. * The structure is bullish, suggesting **continuation of the uptrend**. --- ### 2. **Volume Analysis** * Significant volume spike during the breakout phase above ₹700. * Volume continues to remain strong, confirming **buyers' dominance** and **breakout strength**. --- ### 3. **Price Action Insights** * Clean breakout from multi-month resistance zone of ₹700. * Price is consolidating just above breakout level — indicates **healthy retest**. * Next key level to watch: ₹744.50 (recent swing high). --- ### 4. **Target Projection** * **Cup Depth**: ₹124 * **Breakout Point**: ₹700 * **Target Price** = ₹700 + ₹124 = **₹825** ➤ Potential upside: **+16%** from current levels --- ### 5. **Support & Stop-loss** * **Immediate Support**: ₹700 (breakout level) --- ### 6. **Trend & Sentiment** * The breakout has flipped the sentiment **strongly bullish**. * Uptrend resumption is supported by price structure and volume confirmation. --- ### ✅ **Conclusion** * **Pattern**: Cup and Handle * **Breakout Level**: ₹700 * **Current Price**: ₹710.60 * **Target**: ₹825 * **Stop-loss**: ₹700 range * **Action**: **Buy on dips / retest confirmation**
NSE:FORTISLong
by DailyCharts03
ICICIPRULI | Cup and Handle | Breakout | DailyHere's the **technical analysis** for **ICICI Prudential Life Insurance (ICICIPRULI)** --- ### 📝 **Technical Analysis – ICICI Pru Life (Daily Timeframe)** **Pattern Identified:** ✅ *Cup and Handle Breakout* --- ### 1. **Chart Pattern Overview** * A **classic Cup and Handle pattern** has formed and confirmed a breakout. * The breakout happened above the **₹622** resistance level — this is now a **support**. * The pattern signals a **bullish continuation**, with increased demand post-breakout. --- ### 2. **Volume Analysis** * Volume spiked significantly during the breakout from the handle, suggesting strong **institutional participation** and high conviction buying. * Volume > 850K, well above the 20-day average — a **positive confirmation**. --- ### 3. **Price Action & Strength** * Stock is currently trading at **₹658**, comfortably above the breakout zone. * Strong follow-up candles indicate **momentum continuation**. * No signs of bearish reversal or heavy profit booking. --- ### 4. **Target Projection** * **Cup Depth** = ₹89.80 * **Breakout Point** = ₹622 * **Target Price** = ₹622 + ₹89.80 = **₹712.00** ➤ Potential upside: **8%** from current levels --- ### 5. **Support & Stop-loss** * **Support** = ₹622 (previous resistance) * **Aggressive Stop-loss** = ₹640 * **Conservative Stop-loss** = Below ₹622 --- ### 6. **Trend & Sentiment** * Overall trend is **bullish**, and the stock has broken out of a multi-month consolidation. * Sentiment is turning favorable with improving volumes and structure. --- ### ✅ **Conclusion** * **Pattern**: Cup and Handle Breakout * **Target**: ₹712 * **Current Price**: ₹658 * **Support**: ₹622 * **Action**: **Buy on dips**, with SL below ₹622 for swing targets. ---
NSE:ICICIPRULILong
by DailyCharts03
TATAELXSI | Cup and Handle | Daily |### 📝 **Technical Analysis – Tata Elxsi (Daily Timeframe)** **Chart Pattern:** ✅ *Cup and Handle Breakout* --- ### 1. **Chart Structure & Pattern** * The chart displays a **Cup and Handle pattern**, a bullish continuation pattern. * The **cup** is broad and rounded, indicating accumulation and gradual buying interest. * The **handle** is a short consolidation phase with lower volume before the breakout. * The **breakout zone** was around **₹5,940**, which acted as a strong resistance earlier. --- ### 2. **Volume Confirmation** * Significant **volume spike** during breakout confirms genuine buying interest. * The breakout was not a false one — strong bullish candle with volume above 175K supports this. --- ### 3. **Price Action** * After breakout, Tata Elxsi is sustaining above ₹6,470 — showing **strength and follow-through**. * This price action reflects **buy-on-dips** sentiment. --- ### 4. **Target Projection** * **Depth of the Cup**: ₹1,216 (approx). * **Breakout Level**: ₹5,940 * **Target (Breakout + Depth)** = ₹5,940 + ₹1,216 = **₹7,145** ➤ This gives a potential **upside of 20%** from breakout zone. --- ### 5. **Support & Stop-loss** * **Key Support** = ₹5,940 (previous resistance turned support). * **Aggressive SL** = ₹6,200 * **Conservative SL** = ₹5,940 --- ### 7. **Conclusion** * **Trend**: Bullish * **Pattern**: Cup and Handle Breakout * **Target**: ₹7,145 * **Support Zone**: ₹5,940 * **Action**: Can consider buying on dips with SL below ₹5,940
NSE:TATAELXSILong
by DailyCharts03
#AVALON - Cup & Handel Potential BreakOut / Keep In WatchList📊 Script: AVALON Key highlights: 💡⚡ 📈 Cup & Handel Potential BreakOut in Daily Time Frame. 📈 Price consolidating near Resistance. 📈 Wait for Volume spike during Breakout 📈 MACD Bullish 📈 Can go for a swing trade BUY ONLY ABOVE 930 DCB ⏱️ C.M.P 📑💰- 915 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ⚠️ Important: Market conditions are Okish, Position size 50% per Trade. Protect Capital Always ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven. ✅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 MMT. Cheers!🥂
NSE:AVALONLong
by MMT_MakeMoneyTrading
2
NESTLEIND |Cup & Handle Breakout | DailyThis chart of **Nestle India Ltd** shows a **Cup and Handle** breakout pattern — a strong bullish continuation signal. --- ### 🟢 **Cup & Handle Breakout – Nestle India Ltd** #### **Pattern Highlights:** * **Cup Formation:** Long rounding bottom from Nov 2024 to April 2025. * **Handle:** Minor consolidation and dip in May 2025. * **Breakout Point (Neckline):** ₹2,438.45 * **Target Projection:** Height of cup ≈ ₹305 📈 Target = ₹2,438 + ₹305 = **₹2,745** (marked) ### ✅ Key Takeaways: * **Breakout is with volume**, confirming strength. * **Next resistance zones**: ₹2,745.60 and ₹2,768.60. * **Supports post-breakout**: ₹2,438 (neckline). Would you like a full YouTube-ready set (title, description, tags, disclaimer) for this chart as well?
NSE:NESTLEINDLong
by DailyCharts03
CARERATING ATH Breakout | Cup & Handle Pattern - ₹2927 Here’s the **technical analysis** for **CARE Ratings Ltd (NSE: CARERATING)** --- ### 📊 **Technical Analysis – CARE Ratings Ltd (Weekly Time Frame)** #### ✅ **Pattern Identified: Cup and Handle Breakout** * A **multi-year Cup and Handle pattern** has completed. * Price broke out **above the neckline/resistance zone of ₹1584**, confirming the bullish breakout. * This breakout follows a prolonged accumulation and consolidation phase from **2018 to 2023**, which adds to its reliability. --- ### 📈 **Breakout Details:** * **Breakout Level (Neckline):** ₹1584 * **Current Price (May 25, 2025):** ₹1709.30 * **Target (Pattern Projection):** ₹2927 * **Measured Move:** ₹1338.55 (Cup depth) projected above breakout level * **Potential Upside:**+84% from breakout point --- ### 🔎 **Volume & Momentum:** * **Volume Surge** confirms buying interest and institutional accumulation. * Recent breakout candle shows strong bullish momentum with a close well above the resistance. * The **handle portion** formed a tight consolidation, suggesting reduced selling pressure. --- ### 🟢 **Support Levels:** * **Major Support:** ₹1584 (previous resistance turned support) * **Secondary Support:** ₹1350 zone (handle low) --- ### 🚨 **Resistance Levels:** * **Immediate Resistance:** ₹1745–₹1800 zone (short-term supply zone) * **Major Resistance:** None until the projected target of ₹2927 --- ### 📌 **Conclusion:** CARE Ratings has given a **textbook Cup & Handle breakout** on the weekly chart with high volume and strong price action. The pattern suggests **long-term bullish potential**, making it a **strong candidate for swing or positional trading**. Traders may watch for a **retest of ₹1584** for low-risk entry opportunities. ---
NSE:CARERATINGLong
by DailyCharts03
RELIANCE POWER | Cup and Handle Breakout | Multi-Year Bullish- Technical analysis (RELIANCE POWER LTD, Weekly timeframe): Dark horse bet --- ### 📊 **Chart Pattern:** **Cup and Handle** formation (long-term) --- ### 🧩 **Pattern Breakdown:** * **Cup Formation:** From \~2018 to mid-2023, the price shows a deep, rounded bottom formation, typical of a cup base. This indicates a long accumulation phase after a downtrend. * **Handle Formation:** A smaller consolidation happened after the breakout from the cup, forming a handle, suggesting a pause before a potential continuation. --- ### 🔍 **Key Technical Levels:** * **Breakout Level:** ₹50.50 The breakout above this level confirms the completion of the cup and handle pattern. * **Current Price:** ₹51.90 Price has broken out with strong volume, confirming bullish strength. * **Targets based on pattern projection:** * **Short-Term Target:** ₹68.09 (based on the height of the cup added to the breakout point) * **Resistance Zone:** ₹68.00 * **Support Levels:** * Immediate: ₹50.50 (breakout retest zone) * Stronger: ₹34.44 and ₹21.59 (previous accumulation zones) --- ### 📈 **Volume Analysis:** * Volume is significantly increasing during the breakout from the handle, confirming strong buying interest. * Volume MA is trending up, indicating a sustained move. --- ### 🧠 **Conclusion:** * **Bias:** Bullish * **Pattern Strength:** Strong (due to multi-year formation and breakout with volume) * **Risk Management:** Watch for retest of ₹50.50–₹51 zone. A failure to hold here could lead to a pullback toward ₹34.44. ---
NSE:RPOWERLong
by DailyCharts03
JIOFIN | Cup & Handle Breakout! Target ₹324 Here is the **technical analysis** for **JIO FIN SERVICES LTD (NSE)** based on your chart: --- ### 📊 **Technical Analysis – JIO FIN SERVICES LTD** **Pattern Identified:** Cup and Handle **Breakout Level:** ₹262.85 **Target Price:** ₹324.05 **Current Market Price:** ₹281.75 **Potential Upside:**15% from current levels --- ### ✅ **Bullish Signals:** * **Cup and Handle Formation:** A textbook bullish continuation pattern signaling accumulation followed by a breakout. * **Breakout Confirmation:** Price has broken above the resistance zone (₹262.85) with strength and follow-through buying. * **Volume Confirmation:** Breakout was accompanied by higher-than-average volume, reinforcing the validity of the pattern. * **Measured Move Target:** Based on the cup depth (₹61), the projected target is ₹324.05. --- ### 📌 **Key Levels:** * **Immediate Resistance:** ₹324.05 (target zone) * **Support Zones:** * ₹262.85 (handle breakout support) * ₹201.57 (previous swing low, base of cup) --- ### 📈 **Conclusion:** JIO FIN SERVICES is displaying strong bullish momentum after confirming a **Cup and Handle** breakout. As long as the price holds above ₹262.85, the stock may trend toward ₹324+. A retest of the breakout zone can be a good opportunity to accumulate. ---
NSE:JIOFINLong
by DailyCharts03
1
RAMCOSYS Bullish Cup and Handle Breakout | Daily**technical analysis** for the RAMCO SYSTEMS LTD chart: --- ### **Technical Analysis – RAMCO SYSTEMS LTD (NSE: RAMCOSYS)** **Pattern:** Cup and Handle **Breakout Level:** ₹429 **Current Price:** ₹440.25 **Volume Confirmation:** Strong volume on breakout day (1.82M), supporting validity of the breakout. **Target Price:** ₹589.80 (based on height of cup added to breakout point) **Percentage Upside from Breakout:** \~37.81% **Support Levels:** ₹429 (previous resistance), ₹380 (handle base) **Stop-Loss (if trading):** Below ₹400 for short-term traders **Analysis Summary:** Ramco Systems has broken out of a classic Cup and Handle pattern with strong bullish momentum and a nearly 20% single-day gain. The breakout is supported by significant volume, indicating strong buying interest. The projected target lies around ₹589 based on the pattern measurement. Traders should watch for sustained volume and price action above ₹429 for continuation. ---
NSE:RAMCOSYSLong
by DailyCharts03
GENUSPOWER Breakout | Cup and Handle Pattern Here's a **technical analysis summary** for **Genus Power Infrastructures Ltd (NSE: GENUSPOWER)** based on the chart you provided: --- ### 📊 **Technical Analysis – Genus Power** * **Pattern Formed**: **Cup and Handle** breakout * **Breakout Level**: ₹323.20 * **Current Price**: ₹345.90 (+6.22%) * **Target Price**: ₹413.05 (based on pattern height projection) * **Volume**: Significant volume spike confirming breakout * **Price Action**: Strong bullish momentum with follow-through after handle formation * **Support Zone**: ₹323.20 (previous resistance turned support) * **Breakout Strength**: Backed by increased volume and momentum indicators --- 📈 **Interpretation**: The breakout above ₹323.20 from a textbook **cup and handle** pattern indicates a **bullish trend continuation**. Volume surge adds strength to the breakout, making ₹413 a reasonable short-to-mid-term target.
NSE:GENUSPOWERLong
by DailyCharts03
IDBI Bank Breakout -Volume | Can test ₹109 | Cup & Handle ExpHere’s a **technical analysis infographic summary for IDBI BANK LTD** based on the chart you provided: --- ### 📊 **IDBI BANK LTD – Daily Chart Summary** * **Pattern Formed:** ☕ **Cup and Handle (Bullish Continuation)** * The cup formation is clearly visible and a breakout has occurred above the neckline resistance. * **Breakout Zone:** * **Neckline resistance:** ₹87.55 (now acting as support) * **Breakout confirmation with volume** * **Measured Move Target:** * Cup Depth: ₹21.56 * Target = ₹87.55 + ₹21.56 = **₹109.00** * **Current Price:** ₹94.52 (as of the latest candle) * **Volume Analysis:** 📈 * Significant surge in volume on breakout = strong buying interest. * Volume well above moving average – confirms breakout strength. * **Support Levels:** * Immediate: ₹87.56 * Lower: ₹68.00 and ₹65.91 (base of the cup) * **Resistance Ahead:** * Minor: ₹95.99 (recent high) * Target zone: **₹107.99 – ₹109.00** --- ### 📌 **Technical View:** **Bullish breakout confirmed** from a classic cup pattern. Price is heading towards the projected target of ₹109 with strong volume support. Dips toward ₹87–₹90 may provide accumulation opportunities. ---
NSE:IDBILong
by DailyCharts03
2
SMS PHARMA - Cup & Handle Breakout with Volume Confirmation📊 SMS PHARMA – Cup & Handle Breakout with Volume Confirmation 🕰️ Timeframe: 1D | 📐 Pattern: Cup & Handle Formation 🔍 Technical Setup: SMS Pharma has formed a classic Cup & Handle pattern, which is a bullish continuation pattern. The breakout has occurred above the neckline resistance with a clean breakout candle, confirming bullish momentum. The falling trendline resistance has also been decisively broken, adding further confidence to the breakout strength. 🔑 Key Levels to Watch: 🔵 Resistance (Upside Targets): ₹258.05 ₹271.70 🔴 Support Zones: ₹230.57 (neckline support) ₹211.77 (handle base) ₹181.95 (major horizontal support zone) 📊 Volume & Indicators: 🔺 Volume Surge at breakout confirms strength and participation — a good sign for trend continuation. 📈 RSI: 64.58 — close to overbought zone, but still indicating strength. Minor consolidation near ₹240 would be healthy before further up move. 🧠 Bias: Bullish 📉 Any pullback to ₹230–₹235 can offer a good entry opportunity with risk managed below ₹211. ⚠️ Disclaimer: This is an educational analysis and not investment advice. Do your own research before making any trading decisions. 📈 Follow @PriceAction_Pulse for more breakout setups and swing trading ideas! 💬 Drop your thoughts in the comments — will this Cup & Handle breakout hit the ₹270 zone?
NSE:SMSPHARMALong
by PriceAction_Pulse
1
DIVISLAB - Cup Pattern Breakout with Bullish Flag Consolidation📊 DIVISLAB – Cup Pattern Breakout with Bullish Flag Consolidation 🕰️ Timeframe: 1W | 🔍 Pattern: Cup Formation + Bullish Flag | 🚀 Long-Term Breakout Potential 📈 Technical Breakdown: DIVISLAB has formed a massive Cup pattern on the weekly timeframe and is currently consolidating inside a Bullish Flag after hitting the neckline breakout. This is a classic continuation setup following a long accumulation. Post breakout, the price tested the upper region and is now preparing for a potential next leg toward Fibonacci extension levels. 🔑 Key Support & Resistance Levels: 🔵 Resistance / Upside Targets: ₹6,485.00 (Cup breakout top) ₹8,829.30 (Fib extension 161.8%) 🟦 🔴 Support Zones: ₹5,290.20 – Local horizontal support ₹5,035.95 – Fib 61.8% retracement (strong support) ₹4,588.30 – Fib 50% ₹4,140.70 – Fib 38.2% ₹2,691.65 – Long-term base (0% Fib) 🧭 Strategic View: 🟢 Bias: Bullish 🔁 Retest Zone: ₹5,290–₹5,035 can be re-entry zones 🎯 Target Zones: ₹6,485 followed by ₹8,829 for positional long 🛑 Invalidation: Below ₹5,000 zone ⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management. 📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis! 🔁 Drop a comment if DIVISLAB is on your radar for the next breakout rally 📈
BSE:DIVISLABLong
by PriceAction_Pulse
DELHIVERY- CUP AND HANLDE PATTERN BREAKOUT ( Bullish)Delhivery has formed CUP AND HANDLE pattern on the Daily charts and has given a breakout . A Cup and Handle price pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal signalling an uptrend. Delhivery is trading above its 11 & 22 day EMA. RSI is at 73, MACD is above zero line signalling positive momentum. CMP- Rs. 318 Target Price- Rs390 ( 25 % upside) SL - 300 ( Breaking the confirmation Line) Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.
NSE:DELHIVERYLong
by BullishBrew
#HEG - Cup & Handel Set up in Daily Time Frame📊 Script: HEG Key highlights: 💡⚡ 📈 Cup & Handel Set up in Daily Time Frame. 📈 Price consolidated near Resistance. 📈 BO with Volume 📈 MACD Crossover 📈 Do not Enter Trade as we have Earning coming up BUY ONLY ABOVE 545 DCB ⏱️ C.M.P 📑💰- 547 🟢 Target 🎯🏆 – NA% ⚠️ Stoploss ☠️🚫 – NA% ️⚠️ Important: Market conditions are Okish, Position size 50% per Trade. Protect Capital Always ⚠️ Important: Always Exit the trade before any Event. ⚠️ Important: Always maintain your Risk:Reward Ratio as 1:2, with this RR, you only need a 33% win rate to Breakeven. ✅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 MMT. Cheers!🥂
NSE:HEGLong
by MMT_MakeMoneyTrading
2
SARLAPOLY - Cup & Handle Breakout With Fibonacci Confluence📊 SARLAPOLY – Cup & Handle Breakout with Fibonacci Confluence 🕰️ Timeframe: 1D | 📐 Pattern: Cup Formation + Trendline Breakout 🔍 Technical Overview: SARLAPOLY has completed a Cup pattern and given a strong breakout above the descending trendline resistance, accompanied by a massive volume spike. The breakout aligns well with the 61.8% Fibonacci retracement level (~₹100.94), increasing confidence in the breakout's validity. 🔑 Key Technical Levels: 🔵 Resistance / Upside Targets: ₹117.88 (Fib 78.6%) ₹120.00 ₹123.68 ₹125.00 ₹127.90 ₹132.25 (100% Fib retracement) 🔴 Support Zones: ₹101.13 (recent breakout level / Fib 61.8%) ₹94.66 (previous resistance zone – now support) ₹91.27 (Fib 50%) ₹69.07 (23.6% Fib + structure support) 📊 Volume & Indicators: 📈 Breakout Volume Surge – Volume confirmation indicates institutional interest and breakout strength. 🧮 Fibonacci Retracement – Plotted from swing low (₹50.30) to swing high (₹132.25), gives clear confluence zones. 🔺 Trendline Breakout – Downward sloping trendline broken cleanly, confirming bullish intent. ☕ Cup Formation – Classic rounding bottom visible, suggesting accumulation phase is complete. 🧠 Bias: Bullish 📉 Watch for a retest around ₹100–₹101 zone as a potential re-entry point with SL below ₹94.66 for positional swing. ⚠️ Disclaimer: This is an educational analysis and not financial advice. Always do your own research before making investment decisions. 📈 Follow @PriceAction_Pulse for more price action setups, breakout alerts, and swing trade ideas! 💬 Comment below if you’re watching SARLAPOLY for the next leg up 📊
NSE:SARLAPOLYLong
by PriceAction_Pulse
8
PREMEXPLN - Cup & Handle Breakout | Volume Surge📊 PREMEXPLN – Cup & Handle Breakout | Volume Surge + Key Fibonacci Confluence! 🕰️ Timeframe: 1D | 📐 Pattern: Cup & Handle | 📊 Momentum: Bullish 📈 Technical Chart Overview: Premier Explosives has executed a clean breakout above a long-term descending trendline and a cup & handle base with a massive spike in volume, hinting at a powerful trend reversal. Price surged nearly +19% intraday, confirming strength near the 61.8% Fibonacci retracement from the previous swing high at ₹910.30 to the swing low at ₹253.40. 🔍 Chart Highlights: ☕ Cup & Handle Pattern: Formed over several months, signaling accumulation and breakout 📐 Descending Trendline: Broken with strength and volume confirmation 📊 Volume Spike: Volume highest since April 2024 – strong buyer interest 🟢 Breakout Zone: ₹472.65–₹480.00 (key previous resistance) 🔴 RSI (14): At 67.72 – approaching overbought zone, suggesting strong momentum 🧱 Support & Resistance Levels: Level Type Price (₹) 🔼 Resistance 1 504.10 (Fib 61.8%) 🔼 Resistance 2 581.10 (Fib 50%) 🔼 Resistance 3 659.90 (Fib 38.2%) 🔻 Support 1 440.00 (Breakout Retest Zone) 🔻 Support 2 308.75 (Horizontal demand zone) 🔻 Support 3 253.40 (100% Fib low) 🔧 Indicators Used: Fibonacci Retracement – Plotted from ₹910.30 to ₹253.40 RSI (14) – Showing bullish divergence and breaking out of consolidation Volume Bars – Confirming breakout with institutional strength Bull/Bear Icons – Track momentum shifts visually over RSI 🧭 Trade Outlook: ✅ Bias: Bullish 🛒 Entry Zone: Retest near ₹472.65–₹480 (ideal pullback entry) 🎯 Targets: ₹504 → ₹581 → ₹660+ ❌ Invalidation: Close below ₹440 with volume 💬 Summary: PREMEXPLN looks strong on the daily chart after breaking a classic cup & handle pattern with volume confirmation. The breakout aligns perfectly with Fibonacci retracement zones, suggesting room for continued upside. Monitor for a potential retest entry. ⚠️ Disclaimer: This is a technical analysis chart for educational purposes only. Do your own research and consult a financial advisor before trading. 🔔 Follow @PriceAction_Pulse for more breakout charts, swing trades & price action insights! 💾 Save and share if PREMEXPLN is on your watchlist this week.
NSE:PREMEXPLNLong
by PriceAction_Pulse
NAZARA - Breakout from Long-Term Falling Wedge📊 NAZARA – Breakout from Long-Term Falling Wedge | Strong Weekly Momentum 🕰️ Timeframe: Weekly | 💥 Pattern: Falling Wedge Breakout | 🔥 Sentiment: Bullish 📈 Chart Overview: Nazara Technologies has broken out of a multi-year falling wedge on the weekly chart, with a strong green candle above key EMAs and Fibonacci confluence zones. Price closed the week above ₹1,100, indicating a shift in long-term momentum and a potential start of a fresh uptrend. 🔍 Technical Highlights: 📉 Falling Wedge Pattern: Multi-year consolidation now broken on strong volume 💥 Breakout Candle: Price closed above trendline resistance and key Fibonacci 50% level 🧠 Volume Surge: Volume confirmation signals institutional interest 📊 EMA Confluence: Price trading above 20/50/100/200 EMAs – bullish alignment 🧱 Support & Resistance Levels: Level Type Price (₹) 🔼 Resistance 1 1,219.25 (Fib 61.8%) 🔼 Resistance 2 1,678.00 (Previous ATH / Fib 100%) 🔻 Support 1 1,077.55 (Fib 50% – breakout zone) 🔻 Support 2 935.85 (Fib 38.2% + EMA cluster) 🔻 Support 3 820–860 (multi-touch horizontal support & EMA 200) 🔧 Indicators Used: Fibonacci Retracement – Plotted from swing low ₹477.10 to high ₹1,678.00 EMA 20/50/100/200 – Price is now above all EMAs, showing trend shift Volume Bars – Confirming strong breakout Chart Pattern – Falling wedge (typically bullish) 📌 Chart Sentiment & Setup: ✅ Bias: Strongly Bullish 📍 Breakout Level: ₹1,077 🎯 Upside Targets: ₹1,219 → ₹1,320 → ₹1,678 ❌ Invalidation: Sustained close below ₹935 with volume 📢 Summary: Nazara is showing signs of a structural breakout after prolonged downtrend and consolidation. The falling wedge breakout, confirmed by volume and EMA crossover, sets up a long-term bullish outlook. A retest of the ₹1,075–₹1,100 zone could offer a high-probability entry. 🧠 Pro Tip: Wait for a weekly candle close and minor pullback to the breakout level before entry. ⚠️ Disclaimer: This is a technical analysis post meant for educational purposes only. Please do your own research or consult a financial advisor before investing. 🔔 Follow @PriceAction_Pulse for more actionable swing setups, breakout alerts, and chart breakdowns!
NSE:NAZARALong
by PriceAction_Pulse
CLSEL -Daily - Cup and Handle -Breakout -Good Volume CHAMAN LAL SETIA EXP LTD daily chart definitely presents a compelling case for a **cup and handle breakout**. Here's what aligns with your observation: * **Clear Cup and Handle:** The chart shows a well-formed rounded bottom (the cup) followed by a smaller, slightly downward-sloping consolidation (the handle). * **Neckline Breakout:** Today's price action (May 17, 2025) shows a strong bullish candle that has decisively broken above the neckline you've identified at ₹346.00. * **Good Volume:** Importantly, the volume bar for today is significantly higher than the recent average volume, indicating strong buying pressure accompanying the breakout. This adds significant credence to the validity of the breakout. * **Target:** Your target of ₹427.50 aligns well with the typical measurement for a cup and handle pattern. The depth of the cup (roughly from the low around ₹265 to the neckline at ₹346, which is ₹81) added to the breakout level (₹346) gives a target of ₹427. **In summary, this looks like a textbook cup and handle breakout for CHAMAN LAL SETIA EXP LTD, supported by good volume, increasing the likelihood of the price reaching your target of ₹427.50.** It's always wise to consider potential resistance levels along the way and to have a stop-loss in place, but the initial signs here are quite bullish.
NSE:CLSELLong
by DailyCharts03
PREMEXPLN - Daily Chart - Cup and Handle PREMIER EXPLOSIVES LTD (PREMEXPLN) daily chart. **cup and handle** pattern, suggesting potential bullish continuation. Here's a simple breakdown: * **Cup:** The rounded bottom formation appears to have taken place between roughly early January and late April 2025. This indicates a period of consolidation after a decline. * **Handle (Potential):** After reaching a high around ₹480, the price has pulled back and is now showing signs of consolidating again in a smaller range (the potential handle) in early May 2025. * **Breakout Level:** The horizontal line you've drawn around ₹480 acts as the potential neckline or resistance. A decisive break above this level would provide further confirmation of the pattern. * **Target:** You've marked a potential target around ₹652.50. This target is typically estimated by measuring the depth of the cup and adding it to the breakout level. **Things to watch out for:** * **Handle Formation:** Observe if the current consolidation indeed forms a handle—a smaller, ideally slightly downward-sloping or sideways movement. * **Breakout :** We need to see if it retests 480 and bounce it is a strong buy. * **Volume on Breakout:** Increased volume on the breakout it is strength to the bullish signal.
NSE:PREMEXPLNLong
by DailyCharts03
DATAPATTNS - Daily - Breakout -CnHDATA PATTERNS INDIA LTD daily chart. The most prominent feature here is a well-defined **cup and handle** pattern, which is typically a bullish continuation signal. Here's a simple breakdown: * **Cup:** A rounded bottom formation that occurred roughly between early November 2024 and late April 2025. This suggests a period of price consolidation before a potential upward move. * **Handle:** After reaching a high around ₹2,845.50, the price has pulled back and is consolidating in a smaller, slightly downward-sloping pattern (the handle) between late April and mid-May 2025. * **Breakout Level:** The horizontal line around ₹2,845.50 acts as the neckline or resistance. A sustained break above this level would confirm the cup and handle pattern. * **Target:** Potential target around ₹3,904.50. This target is often estimated by measuring the depth of the cup and adding it to the breakout level. **In simple terms:** The stock price formed a rounded bottom (the cup), then went up and is now in a smaller pullback (the handle). If it breaks above the ₹2,868 level, it could potentially move towards the ₹3,904 area. **Things to watch out for:** * **Breakout Confirmation:** We need to see a clear break above ₹2,868.20 with strong buying volume to confirm the pattern. * **Handle Formation:** The handle should ideally be a relatively shallow and short-lived consolidation. * **Volume on Breakout:** Increased volume during the breakout would add more confidence to the bullish scenario. Overall, the chart for DATA PATTERNS INDIA LTD suggests a bullish outlook based on the cup and handle pattern, with a potential target around ₹3,904.50 upon a successful breakout above ₹2,868.20.
NSE:DATAPATTNSLong
by DailyCharts03