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Cupandhandlepattern

MBAPL | Cup and handle | Breakout | Wkly |Good Volume### **Technical Analysis of MADHYA BHARAT AGRO P. LTD (NSE)** The chart reveals a **cup and handle** patternon wkly , which is a **bullish continuation** signal, suggesting strong upward momentum. ### **Key Observations:** 1. **Cup Formation:** - The price formed a rounded bottom over an extended period, indicating **accumulation**. - Depth of the cup: **118.25 points (36.49%)** from **204.49 INR to 323.65 INR**. 2. **Handle Formation:** - A brief consolidation near **323.65 INR**, forming the handle. 3. **Breakout & Price Action:** - The breakout above **323.00 INR** is confirmed with rising volume. - The current price is **339.45 INR**, up **7.27% (23.00 INR)**. - **Target price:** **441.60 INR**, based on the pattern’s depth. ### **Indicators to Watch:** - **Volume:** Strong surge in trading volume supports the breakout. - **RSI:** Above **60**, it confirms bullish momentum. - **Support Level:** **323 INR** now serves as a key support.
NSE:MBAPLLong
by DailyCharts03
WALCHANDNAGAR | Cup and Handle | Breakout |Daily### **Technical Analysis of Walchandnagar Industries Ltd. (NSE: WALCHANNAG)** The chart highlights a **cup and handle** pattern, signaling a potential bullish breakout. ### **Key Observations:** - **Cup Formation:** Extended consolidation phase, indicating accumulation. - **Handle Formation:** A brief pullback before the breakout, confirming renewed buying interest. - **Breakout Confirmation:** Price surged above **₹229.00**, now trading at **₹235.32** (+8.30%). - **Target Price:** **₹315.80**, based on pattern depth, suggesting a **34.2% upside. ### **Indicators to Watch:** - **Volume:** Significant spike at breakout, confirming strength. - **RSI:** Above **60**, signals strong momentum. - **MACD:** Bullish crossover strengthens trend continuation. - **Support:** **₹229.00** (former resistance turned support).
NSE:WALCHANNAGLong
by DailyCharts03
VPRPL - NSE | Daily Timeframe📊 VISHNU PRAKASH R PUNGLIA LTD (VPRPL) – NSE | Daily Timeframe 📅 Date: May 29, 2025 📈 CMP: ₹190.49 (−0.41%) 📌 Ticker: NSE:VPRPL 🧠 Technical Overview ✅ Cup & Handle Pattern in Formation 🍵 Price action is carving out a clean Cup & Handle base near the ₹195.80 resistance zone. A breakout above this neckline could ignite a fresh upside rally. The symmetry, volume spike, and recent bullish structure are all supporting potential continuation. 🧪 Volume Analysis Noticeable volume increase as the price nears breakout zone, indicating accumulation and rising interest. 📍 Key Levels to Watch 🟡 Breakout Resistance: ₹195.80 (horizontal neckline) 🟢 Support Zone: ₹174.50 (base support of the cup) ₹165 (lower handle risk zone) 🎯 Potential Targets (Post Breakout): ₹220 ₹240 ₹265 (pattern-measured target zone) 💡 Trade Plan Entry (on breakout): ₹196+ (with strong volume confirmation) Stop Loss: Below ₹174 Target Range: ₹220–₹265 Risk-Reward: ~1:2.5+ ⚠️ Disclaimer This chart analysis is for educational purposes only. Always DYOR (Do Your Own Research) and consult a financial advisor before making investment decisions.
NSE:VPRPLLong
by PriceAction_Pulse
3
KIRIINDUS | Cup and Handle | Breakout |DailyHere’s a **short and sharp technical analysis** of **KIRI INDUSTRIES LTD (NSE: KIRIINDUS)**: --- ## 🔍 **KIRI INDUSTRIES LTD – Weekly Chart Overview** * ✅ **Pattern**: *Massive Cup & Handle (Multi-year base)* * 💥 **Breakout Level**: ₹673 * 📈 **Current Price**: ₹726.55 * 📊 **Volume**: Strong breakout volume * 🎯 **Target**: ₹1,106 (63% upside based on pattern height) * 🔽 **Support**: ₹673.50 (previous resistance turned support) --- ### 📌 **Trade View** * **Bias**: **Bullish** – Long-term breakout from consolidation * **Retest Buy Zone**: ₹680–₹700 * **Target**: ₹1,050–₹1,100 * **Stop Loss**: ₹673 (weekly close) --- 📢 *Multi-year breakout with strong momentum – ideal for positional holding.*
NSE:KIRIINDUSLong
by DailyCharts03
KPEL| Cup and Handle | Breakout |DailyHere’s a **refined and concise high-level analysis** of **K.P. Energy Ltd (NSE: KPENERGY)**: --- ## 🔍 **K.P. ENERGY LTD – Technical Overview** * ✅ **Pattern**: *Cup & Handle* * 💥 **Breakout above** ₹496.50 with strong volume * 📈 **Current Price**: ₹515.40 * 🎯 **Target**: ₹654.60 (based on pattern depth) * 🔽 **Support**: ₹496.50 (breakout zone) * 📊 **Volume Surge** confirms bullish strength --- ### 📌 **Trade Setup** * **Entry** on retest near ₹500–₹505 * **Target**: ₹640–₹655 * **Stop Loss**: ₹495 (close basis) --- 📢 **Bias**: Strongly Bullish — textbook breakout with volume confirmation.
NSE:KPELLong
by DailyCharts03
1
LLOYDSENT | Cup and Handle | BreakOut | Daily | Good VolumeHere's the **technical analysis** of **Lloyds Enterprises Ltd (NSE: LLOYDSENT)** on the **daily chart**, --- ## 📊 **Lloyds Enterprises Ltd – Daily Chart Analysis** --- ### 🧩 **Chart Patterns Observed** #### 2. **Cup and Handle Formation** * A well-formed **cup and handle** pattern observed between March–May 2025. * **Neckline breakout**: ₹55.00 * The price surged sharply after breakout, confirming pattern validity. --- ### 📏 **Price Action & Measured Targets** | Move Type | Range | Target | | --------------------- | ---------------------- | --------------------------------- | | Cup & Handle Breakout | ₹55.00 → ₹72.50 | **₹72.50** (Measured Move Target) | | Current Price | ₹61.82 | | | Immediate Resistance | ₹63.00 | | | Support | ₹55.14 (Breakout zone) | | * Breakout move from ₹55 to ₹63 already achieved \~14.5% rally. * **Next target**: ₹72.50 (as per the height of the cup added to breakout zone). --- ### 🔥 **Volume Analysis** * Massive **volume spike** on breakout candle above ₹55.00 — signifies **strong buying interest**, likely institutional participation. * Previous volume bars were average or decreasing → confirms **handle was low-volume** (ideal setup). --- ### 🧭 **Key Technical Levels** | Level Type | Price (₹) | | ------------------------ | --------------- | | Resistance 1 (immediate) | ₹63.00 | | Target Zone | ₹72.50 – ₹72.72 | | Breakout Zone (Support) | ₹55.00–₹55.14 | | Strong Support | ₹48.00 | --- ### ✅ **Technical Conclusion** 📌 **Bias**: **Strongly Bullish** * Price broke above both **cup neckline** and **horizontal resistance** with confirmation. * RSI likely to be nearing overbought; hence, a short pause/consolidation can occur around ₹63 before next leg up. --- ### 🎯 **Trading Strategy** | Strategy | Plan | | ----------------------- | ------------------------------------------------------- | | **Swing Buy on Retest** | Enter on dip near ₹58–₹60 zone | | **Target** | ₹72.50–₹72.72 | | **Stop Loss** | Below ₹54.80 (close basis) | | **Momentum Play** | Add above ₹63 on closing basis with volume confirmation | 🧠 Risk-Reward looks favorable (\~1:2+) for swing traders.
NSE:LLOYDSENTLong
by DailyCharts03
2
MOTILALOFS |Cup and Handle pattern | Daily Here is a detailed **technical analysis** of the **Motilal Oswal Financial Services Ltd (MOFSL)** daily chart --- ## 🔍 **Motilal Oswal – Daily Chart Technical Analysis** ### 🧩 **Chart Patterns Observed** #### 1. **Falling Wedge Pattern (Bullish Reversal)** * After a significant downtrend of \~25% (from ₹909 to ₹685), the stock formed a **falling wedge**, a classic bullish reversal pattern. * The breakout from this wedge marked the end of the downtrend and the start of base-building. #### 2. **Cup and Handle Breakout** * The stock formed a **smooth, rounded bottom** (the cup) between February and April. * A shallow **handle formation** followed, confirming healthy consolidation before the breakout. * **Breakout above ₹773.80**, which was the neckline of the cup pattern, has triggered bullish momentum. --- ### 📏 **Price Action & Measured Move** | Component | Value | | -------------------- | ------------------------------------------ | | Cup Low | ₹513 | | Neckline (Breakout) | ₹773.80 | | Depth of Cup | ₹773.80 - ₹513 = ₹260 | | Measured Move Target | ₹773.80 + ₹260 = **₹1040** *(minimum)* | But the chart suggests a **larger swing target**: * **Upside projection:** ₹773.80 + ₹264.80 = **₹1,040.25** * This is based on broader trendline breakout from wedge to neckline move. --- ### 📊 **Volume Analysis** Volume is missing during breakout --- ### 🔑 **Key Technical Levels** | Level Type | Price (₹) | | --------------------------- | --------- | | Breakout Zone | 773.80 | | Immediate Support | 773.55 | | Strong Support (Trend Base) | 640 | --- ### 📌 **Technical Conclusion** ✅ **Bias:** Strongly **Bullish** * The breakout above ₹773.80 confirms bullish momentum. * With current price at ₹809.95, it has already moved \~36 points from the breakout — early entry window may be closing. ⚠️ **Next Steps:** * Traders may **trail SL** to breakout zone (₹773–774). * Watch for follow-through above ₹820 for confirmation toward **₹1,040 target**. * Any retest of ₹780–790 zone may offer a **high-probability entry**. --- ### 🎯 **Trade Strategy** | Strategy Type | Action | | ------------- | ------------------------------------------ | | Swing Trade | Buy on dips near ₹790–₹800; Target: ₹1,040 | | Stop-loss | ₹772 (below breakout + handle support) | | Risk-Reward | \~1:3 if targeting ₹1,040 | ---
NSE:MOTILALOFSLong
by DailyCharts03
CDSL Bullish Cup and Handle Breakout ConfirmLate Published "Only for Educational Purpose" 📊 Pattern Formation: Bullish Cup and Handle CDSL has officially broken out of a Bullish Cup and Handle chart pattern, signaling a strong technical breakout with high probability of an extended uptrend. This classic bullish continuation pattern took 4 months to form, indicating a well-developed structure with strong base formation. Neckline Resistance: ₹1380 Breakout Confirmation: Occurred with rising volume, confirming buyer participation Handle Formation: Characterized by a pullback on declining volume, a textbook sign of weak selling pressure and consolidation before a breakout 📈 Volume & Momentum Indicators ✅ Volume Surge : Confirmed breakout with significant increase in volume — a clear sign of institutional buying ✅ RSI (Relative Strength Index): Currently above 60, indicating strong bullish momentum and room for further upside ✅ Price > 200 EMA: Signals that CDSL is in a confirmed long-term uptrend; the price holding above the 200-day exponential moving average is a strong bullish sign 🎯 Price Target Calculation – Cup and Handle Measurement Rule Measurement Rule Target: 📌 Target Price = Neckline + Depth of Cup Neckline: ₹1380 Bottom of Cup (approx.): ₹1180 Cup Depth = ₹1380 - ₹1180 = ₹200 ➡️ Projected Target = ₹1380 + ₹200 = ₹1580 🛡️ Stop-Loss (Risk Management) Choose between Conservative and Aggressive exit strategies: Conservative SL: Below the lowest low of the handle (approx. ₹1290) Aggressive SL: Below the breakout candle low (approx. ₹1345) 🔥 Trending Takeaways CDSL is exhibiting a bullish breakout setup with volume confirmation, strong RSI, and price above 200 EMA. This combination often precedes explosive price action and potential multi-week rally. 🚀 #CDSLBreakout #CupAndHandle #BullishBreakout #TechnicalAnalysis #StockMarketIndia #SwingTrading #MomentumStocks #NSEStocks #ChartPatterns #VolumeAnalysis #StockMarketNews #RSI60 #200EMA #BreakoutStocks #PriceActionTrading
NSE:CDSLLong
by Arvind_Share_Academy
2
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