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Cupandhandlepattern

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 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
Editors' picks
NSE:WELSPUNLIVLong
by asAMOLSUTAR
14
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
NSE:SJVNLong
by TradeRyteStockz
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
BSE:AMBALALSALong
by 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 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:ICICIGILong
by asAMOLSUTAR
2
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
NSE:IRFCLong
by TradeRyteStockz
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.
NSE:ALPA
by brijmohan_h
PATANJALI (cup&handle)PATANJALI . Most of the time share my study of Technical analysis with fundamental good stock . This stock is beak multi-year breakout but still consolidation zone create at the top this good opportunity buy good fundamentally in our portfolio's . The technical analysis say made cup and handle and break this handle pattern with high volume spike .. so my side TRG are opens to all. Market Cap ₹ 57,608 Cr. Promoter holding 73.8 % DII holding 2.57 % FII holding 10.6 % Company has been maintaining a healthy dividend payout of 33.2% 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:PATANJALILong
by asAMOLSUTAR
Reliance IND Infra Ltd. (Cup & Handle)Date- 14th March 2024 Time - 18:41 -As we can see RIIL has formed Cup& Handle Chart Pattern and also trying to retest today on daily basis. -One more thing I have noticed and applied here is Fixed Range Volume Profile Tool , to identify where exactly the most volume has created. Which was 1000 Rs. in this case. -If Current price is above POC (Point of Control) red line means, next big supports are near that price. So, if its breakdown from retest point it can go till 1000 Rs or if it revered from rested point then 1st Target will be 2384 Rs . according to Cup & Handle Pattern. - Also, on smaller Hourly Timeframe is showing Bullish Continues Divergence too.
NSE:RIILLong
by KRSCharts
MUTHOOTFIN - CUP AND HANDLE FORMATION WITH BREAKOUTHi All, This idea is about Muthoot FInance Very interesting pattern has emerged on Weekly chart. Cup and Handle formation and then a successful breakout from both sip line and long term resistance. Relative Strength has turned positive as compared to Nifty. High relative volume crossing benchmark level of 2 Traders are advised to wait till price is as close to 10 SMA on daily TF as possible. FnO trade can also be taken Happy Trading, Thanks, Stock-n-Shine
NSE:MUTHOOTFINLong
by Stock-n-Shine
NBCC making Cup and Handle PatternThe chart you've shared is a technical analysis of the NBCC (India) Ltd. stock on a weekly timeframe. Here's an interpretation and analysis based on the chart: 1. **Chart Pattern**: - **Cup and Handle Pattern**: The chart appears to show a "cup and handle" pattern, which is a bullish continuation pattern. The cup is formed from 2020 to 2024, followed by the handle. - **Upward Channel**: The stock has been moving within an upward channel since 2020, indicating a consistent upward trend. 2. **Price Movement**: - **Recent Performance**: The stock recently broke out from the handle portion of the cup and handle pattern. This breakout is generally considered a strong bullish signal. - **Support and Resistance**: The stock price is currently around 158.11 INR. The support level seems to be around the lower bound of the channel, and resistance around the upper bound. 3. **Volume**: - **Volume Analysis**: The breakout is accompanied by significant volume (90.448 million), which adds to the credibility of the breakout. 4. **Projection**: - **Target Price**: The projection based on the chart indicates a potential target price of 500 INR. This target is calculated based on the height of the cup pattern added to the breakout point. 5. **Trend Analysis**: - **Bullish Trend**: The overall trend is bullish, supported by the breakout from the cup and handle pattern and the upward channel. - **Potential Pullback**: There may be potential pullbacks or corrections, but the overall long-term trend remains upward as long as the price stays within the upward channel. In summary, the NBCC stock chart suggests a strong bullish trend with a significant potential upside. The breakout from the cup and handle pattern, combined with high trading volume, indicates a likely continuation of the upward trend. However, as with all technical analysis, it's important to consider other factors and perform further research before making investment decisions.
NSE:NBCCLong
by brijmohan_h