NATCOPHARM - CUP AND HANDLE FORMATION (BO FROM SUPPLY ZONE)Hi All,
This idea is about Natco Pharma
Fundamentals
Market Cap - 21712 Cr
Stock PE - 15
ROE - 25.9%
ROCE - 30%
Promoter Holding - 49.7
Quick Ratio - 3.42
D/E - 0.06
NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas.
Technicals
Since May 21, NATCO has formed a complete CUP and HANDLE formation on weekly chart and has now sustained the breakout for over 2 weeks. The earlier supply zone is now acting as demand zone indicating positive price action.
This is for mid/long term investors only
Hope you enjoy the idea,
Happy Trading,
Thanks,
Stock-n-Shine
Cupandhandlepattern
Sectoral Analysis-Nifty ITA sectoral analysis after quite long time.
I had previously covered Nifty Pharma & Nifty Energy which have outperformed Nifty.
However, Nifty IT has largely underperformed in the last 2 years as compared to broader indices mostly because of recession in western countries.
The sector is in consolidation since last 3 years and all the investors of large cap IT companies have been waiting for a breakout to happen.
If the chart of Nifty IT is analyzed, we can see a possible cup and handle formation.
Once Nifty IT index breaks 35500, handle breakout would be confirmed and we can expect 36800, 37450, 38700++ targets.
Midsmall cap IT sector stocks like Persistent, Birlasoft, LTTS and many more have similar charts as of Nifty IT. Do keep in watchlist as they can give good returns in upcoming months.
Please comment below if you want technofundamental analysis of any IT sector stock.
ALEMBICLTD - WEEKLY CHART WITH CUP AND HANDLE BREAKOUTHi All,
This idea is about Alembic Ltd
Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets.
Fundamentals:
Market Cap ₹ 3,087 Cr.
Current Price ₹ 120
High / Low ₹ 122 / 72.2
Stock P/E 11.5
Book Value ₹ 85.1
ROCE 4.86 %
ROE 12.6 %
Equity capital ₹ 51.4 Cr.
EPS ₹ 10.5
Promoter holding 70.9 %
Market Cap to Sales 19.6
Sales growth 23.8 %
Technicals
As can be seen in the weekly chart of Alembic Ltd, if the price crosses 123 resistance it has an upside of 13% before meeting TOP RESISTANCE. Beyond that the stock will venture into uncharted territory of making ATH
Trade should not be taken before the price close above MAJOR RESISTANCE
Cup and handle formation with trend line resistance
Happy Trading,
Thanks,
Stock-n-Shine
Snowman Logistics Ltd.Snowman Logistics is engaged in the business of Temperature controlled logistics including, but not limited to storage, transportation by road, and distribution of products requiring a temperature controlled environment.
Market Cap: ₹ 1,341 Cr.
Promoter holding: 46.4 %
FII holding: 2.67 %
DII holding: 1.16 %
Public holding: 49.7 %
Snowman Making a Cup and Handle pattern and above breakout level we can see the good move up in it. Buy on dip will good and company is doing constant growth and making a good profits.
ITC [W ]this good or bad news guys ... my side good stock go to high ,,,.... this good for holding like long term .
inverted head and shoulder
option 1 is like a cup and handle
and
option 2 is inverted head and shoulder
IF YOU LIKE MY IDEA ……like 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 calls please consult your financial advisors. Thanks
MPHASIS (Weekly Breakout Candidate)MPHASIS (CMP: 2,873) has given a breakout on weekly chart. The stock has formed a cup and handle pattern on weekly chart. Possible upside from current level remains for 3,000, 3,200, 3,500. Also increasing volumes can be seen on weekly chart. #MPHASIS
Disclaimer: This post is for educational purpose, and not a recommendation. I am not a SEBI registered analyst. Investors must consult a financial advisor before making any investment.
SUPRIYA (head & shoulder) SUPRIYA (head & shoulder)
targets are open 1st 360 , 2nd 410 SL .. always 5 % below
already i share my study prediction on this stock but see on chart you can see following points
1) cup & handle .
2) Descending Triangle Pattern with break out . not retext.
3) support & resistance
and added is
4) Head and shoulder
some day may be stock going up . good fundamental stock .
Company has reduced debt & almost debt free.
Company has a good return on equity (ROE) track record: 3
Years ROE 27.9% .
Shareholding Pattern is
Promoters 69%
FIIs 5.%
Dlls 7.%
and Publics is 19 %
I share link with below my already share check out
for MORE check in my TradingView ID
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“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
JUSTDIAL [for swing]JUSTDIAL This stock Multi-year breakout with high volume spike today getting last movement upper circuit so .. buyer are very aggressive looking .
Price Pattern:
There is a cup and handle pattern forming, with the cup's bottom forming around the 2022-2023 period and the handle forming recently.
The breakout from the handle is a positive sign and could lead to a strong upward move if it holds above the resistance.
Trend Channel:
The descending channel (handle part of the cup and handle) is shown, and the recent breakout from this channel is a bullish signal.
Targets (TRG):
The chart shows two target levels: the first target (1st TRG) around 1400 and the second target (2st TRG) around 1800. These levels can be considered as potential profit-taking points.
Volume Spike:
The green arrow indicating a volume spike suggests increased buying interest. This can be a sign of accumulation, which is bullish.
Swing Trading Points
Entry Point:
A good entry point would be on a pullback to the breakout level, around 1200-1250, which is now a support zone.
Stop Loss:
Place a stop loss below the support zone, around 1150-1180, to limit potential losses if the breakout fails.
First Target (1st TRG):
Aim for the first target around 1400, as indicated on the chart. This level is likely to encounter some resistance.
Second Target (2st TRG):
If the price momentum continues, the second target around 1800 can be considered for additional profits.
Volume Confirmation:
Keep an eye on the volume. A continued increase in volume on upward moves will confirm the strength of the trend.
News :-
in.tradingview.com
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"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
NAVKAR_CORP CUP & HANDLE BREAKOUT ?cmp 60
Strong resistance 70
above it bullish moves possible up till---
Breakout Targets-- 100 / 130 / 155 / 180
1) Formation of cup and handle pattern.
2) moving in parallel channel
3) Following trendline support
4) Rejected breakout around June--July 2022
5) Breakout expected now above 70
6) value addition
7) Good Company
Regards..
Keshav..
01/10/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
Rico Auto-A multi year monthly breakout!DO NOT MISS THIS BREAKOUT!
A clean volume breakout with retest done in daily TF.
Stock will fly from here.
A small consolidation can be expected which is best time to accumulate this stock
We might not see this stock at this price in coming few years again.
A good fundamental auto ancillary stock
IRFC - 6 Months Consolidation BreakoutIndian Railway Finance Corporation Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (January, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (260 - 19.50% from the price 217.43).
4) Recommendation - Strong Buy.
WELSPUNLIVWELSPUNLIV
Market Cap ₹ 16,935 Cr
Industry: Textiles - Products
Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world.
Promoters 70%
FIIs 7 %
DIIs 6 %
other 1%
Public 16%
My study shows on chart study with technical analysis . this made cup and handle with multi- year break-out and darvas box break-out this good signs for huge movement after some days . after retest stock targets all hits. its my prediction
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"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
SJVN - Swing Trade Analysis - 12th July #stocksSJVN (1W TF) - Swing Trade Analysis given on 12th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a Small SL and a better RR) - In Progress
Please Note:
- Since the market is at a precarious spot at its levels, we need to be careful & mindful with our entries and position sizing
- Always work in probabilities and always keep your SL in play constantly
* Disclaimer
AMBALALSA - MONTHLY BREAKOUT WITH TURNAROUND POTENTIALHi Friends,
Today I'll like to share a very interesting company Ambalal Sarabhai Enterprises Ltd
Fundamentals:
MCap - 548Cr
Mcap/Sales - 3.16
Promoter Holding - 30.8%
PE - 96
On the onset, everything looks bad about this company except PRICE ACTION & FY23 AR (Especially Director's Report)
Some Key factors in the report
- Strategy of moving business to focussed subsidiaries has been successful
- Asence Pharma has started a new Oncology and Synthetic API plant
- Synbiotics is manufacturing an antifungal active ingredient - Amphotericin B
- Sarabhai M Chemicals has started manufacturing Vitamin C coated products
- Vovantis Labs has setup a state of art manufacturing facility to expand business
- CoSara DIagnostics has the exclusive manufacturing rights in India for the complete menu of its US partner - Co-Diagnostics
So many turnaround factors which is clearly indicated by Price Action
Technicals
On a monthly chart, PA has formed a CUP and HANDLE with breakout. This is a powerful indication of confirming the fundamentals stated above.
This pick is for those who like turnaround candidates (dark horse)
Hope you'll like this idea,
Thanks,
Stock-n-Shine
ICICIGI [cup&handle]Cup and Handle Pattern :
The chart shows a classic "cup and handle" formation, which is typically a bullish continuation pattern.
There was a breakout above the handle, which is a strong bullish signal. The price broke above the resistance level formed during the handle, indicating potential for further upside movement.
Resistance:
The previous resistance level around 1660-1700, which has now been broken, can be considered a new support level.
Support:
The area around 1600, which acted as a neckline for the cup and handle, is now a significant support level.
Volume Analysis:
An increase in volume during the breakout is a positive sign. If the volume continues to remain strong on up days, it reinforces the bullish sentiment.
Potential Target Levels :
The first target can be around the previous high near 1800-1850.
Further targets can be calculated using Fibonacci extensions or by projecting the depth of the cup (around 200 points) added to the breakout level, giving a target near 1900.
By keeping an eye on these levels and the overall market conditions, traders and investors can make informed decisions about their positions in ICICI Lombard.
for MORE check in my Tv-id in.tradingview.com
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"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
The great potential stock detected.Yes, The great potential stock detected which is SUNTV.
The RSI > 60 also 3 white soldires and cup and handle pattern are detected.
So Based on cup and handle pattern Target will be 1145.
Note: this is not a stock recommandation for buy or sell. this post for learning purpose only.
IRFC - Swing Trade Analysis - 6th July #stocksIRFC (1W TF) - Swing Trade Analysis given on 6th July, 2024
Pattern: CUP & HANDLE SETUP
- Weekly Resistance Trendline Breakout - Done ✓
- Strong Pullback candle with Volumes - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
Please Note:
- This is a re-entry setup analysis that we are getting into for a quick swing trade
- We had already achieved 30% in this trade from our previous analysis of IRFC in March 2024 & were stopped out with our TSL
- Just riding the trend of the Railways sector again
- Stop Loss is mandatory for the trade
* Disclaimer
Alpa Cup and Handle Pattern - Bullish### Chart Patterns:
1. **Cup and Handle Pattern**:
- **Cup**: The price action from mid-2021 to mid-2023 resembles a cup formation, with a rounded bottom indicating accumulation.
- **Handle**: Following the cup, the recent price action seems to form a handle, typically characterized by a downward consolidation.
2. **Descending Triangle**:
- There is a descending triangle visible within the handle part of the cup and handle pattern. This is typically a bearish continuation pattern, but in this context, it could be part of the handle formation.
### Volume Profile:
- The volume profile on the right shows the price levels where the most volume has been traded.
- There is a significant volume build-up around the 70-85 level, suggesting a strong support zone.
### Support and Resistance Levels:
- **Support**: Around 65-70 (based on volume profile and historical price action).
- **Resistance**: Around 93-95, which coincides with the upper boundary of the descending triangle and the previous highs.
### Indicators:
- **RSI (14)**: The RSI is around 51.48, which is neutral. It indicates that the stock is neither overbought nor oversold. The RSI is also showing a slight uptick, suggesting a potential bullish momentum.
### Key Observations:
- The breakout above the descending triangle's upper boundary (~93-95) with strong volume could signal a bullish move.
- The cup and handle pattern generally signals a continuation of the previous uptrend if the price breaks above the handle with strong volume.
- The volume has been increasing, indicating growing interest in the stock.
### Potential Scenarios:
1. **Bullish Scenario**:
- A breakout above the 93-95 resistance level with strong volume could lead to a significant upward move, confirming the cup and handle pattern.
- Targets could be around the 110-120 range, aligning with the height of the cup added to the breakout point.
2. **Bearish Scenario**:
- If the price fails to break out and falls below the support zone around 65-70, it might indicate a further downside.
- In such a case, the next support levels would be around 50-55.
### Strategy:
- **Entry**: Consider entering a long position on a confirmed breakout above 93-95 with strong volume.
- **Stop Loss**: Place a stop loss below the handle's low, around 70, to manage risk.
- **Target**: Aim for the 110-120 range based on the cup and handle pattern projection.
This analysis combines technical patterns, volume profile, and RSI to provide a comprehensive view. Always consider other fundamental and market factors before making a trade decision.