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Cupandhandlepattern

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
Peninsula Land Ltd - Cup with handle patternThe "Cup with Handle" pattern is a bullish continuation chart pattern that signals a potential continuation of an uptrend after a period of consolidation. When observed in Peninsula Land's stock chart, this pattern indicates the possibility of further price increases. Cup with handle pattern formation complete in 4 months Key Characteristics: Cup Shape: The pattern starts with a rounded "U"-shaped bottom, resembling a teacup. This indicates a period of consolidation where the price declines slightly, then gradually recovers to approximately the same level as before the decline. Handle Formation: After the cup is formed, a smaller consolidation or slight pullback occurs, forming the "handle." This handle often slopes downward slightly, indicating a brief pause before the next move upward. Breakout Point: The breakout occurs when the price moves above the resistance level formed by the highs on either side of the cup. Implications for Peninsula Land: Market Sentiment: The cup with handle pattern indicates a period of accumulation and investor confidence, suggesting that the stock is likely to continue its upward trajectory after the handle formation. Entry Point: Traders often consider entering a long position once the price breaks out above the handle's resistance level 75, confirming the pattern. Target Price: Long above 75 SL below 63 Target 1 92, 100 and 120
NSE:PENINLANDLong
by Arvind_Share_Academy
BPCL [cup&handle] Bharat Petroleum Corporation Limited (BPCL) on a weekly timeframe. The chart shows a series of cup-and-handle patterns, which are bullish continuation patterns. The price has recently broken out of the last cup pattern, indicating potential bullish momentum . 1st Target (1st TRG): The price level around 344 INR is marked as the first target. The stock price has recently touched this level and faced some resistance. 2nd Target (2st TRG): The Fibonacci extension is marked as the second target range, between approximately 400 INR to 440 INR. Volume Analysis: The volume has increased significantly during the breakout, which supports the validity of the bullish move. Support Levels: The previous resistance level, now turned support, is around the 270 INR to 280 INR range. This is the bottom of the cup pattern. Immediate Support and Resistance: Current Price: 307.60 INR. Immediate Resistance: 344 INR (1st TRG). Immediate Support: Around 270-280 INR. Two scenarios :- Bullish Scenario: If BPCL maintains its bullish momentum and breaks above 344 INR, it could move towards the 400-440 INR range. Bearish Scenario: If the price fails to sustain above 344 INR and falls below 270 INR, it might retest lower support levels, potentially around 240 INR or even lower. Targets: If the price manages to break and sustain above 344 INR, the next target range would be 400-440 INR, as indicated by the Fibonacci extension. for MORE check in my Tv-id in.tradingview.com If You LIKE👌👌 MY study ......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:BPCLLong
by asAMOLSUTAR
NATCOPHARMNATCOPHARM is Strong Performer development focused pharmaceutical company , today break 52w high with High volumes + high gain recorded . This is my favorite chart pattern like "Cup and Handle " which is almost 80% successfully my side i believe on that for reached my targets' . below some points of study for you like this ))- Annual Revenue rose 37.57%, in the last year to Rs 2,811 Crores. Its sector's average revenue growth for the last fiscal year was 8.79%. Company has been maintaining a healthy dividend payout of 28.0% Holding :- Promoter Holding :- 50% FII :- 14% DII :- 11 % Public :- 25 % give interim dividend Ex-Date :- 26 Feb 2024 Dividend Amount :- 1.25 for MORE check in my TradingView ID 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:NATCOPHARM
by asAMOLSUTAR
VOLTAS LTD[cup&handle] VOLTAS LTD (NSE), we see a clearer depiction of a potential "Cup and Handle" pattern, which is a bullish continuation pattern. Here’s a detailed analysis of the chart Cup and Handle Pattern - The chart shows a cup-shaped curve followed by a slight downward handle, indicating a bullish continuation pattern. - The breakout from the handle signifies a potential upward move. Target Levels - **1st Target (1st TRG)**: The first target is around 1800 INR. This is a near-term resistance level where traders might consider taking partial profits. - **2nd Target (2st TRG)**: The second target is around 2400 INR, which aligns with the measured move from the depth of the cup. . Volume - The volume shows an increase during the breakout, which supports the validity of the breakout and the continuation pattern. Buy or Sell Considerations Buy Consideration: If you are looking to buy, entering around the current price (1534.25 INR) or on a slight pullback to the breakout level would be ideal. Sell Consideration: - Partial sell or profit-taking around the 1st target (1800 INR). - Full or additional sell around the 2nd target (2400 INR) if the stock shows signs of slowing down or reversing. The Cup and Handle pattern indicates a bullish outlook with a strong potential for upward movement. - Consider buying around the current level or on a pullback. Always ensure to monitor the volume and market conditions, and use stop-loss orders to manage risk effectively. for MORE check in my TradingView ID "https://in.tradingview.com/u/asAMOLSUTAR/" 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:VOLTASLong
by asAMOLSUTAR
sunTV [cup & handle] SUN TV Network Ltd. (NSE: SUNTV) on a monthly timeframe. The chart highlights a "cup and handle" pattern, which is a bullish continuation pattern . Here's a detailed breakdown of the analysis: Cup and Handle Pattern: The chart shows a rounded bottom forming the "cup" and a smaller consolidation forming the "handle." This pattern suggests a potential bullish breakout. A volume spike accompanies this breakout, adding validity to the move. Institutional Activity: The annotations highlight areas where institutional sellers and buyers were active. Institutional sellers were active around the peak before the cup formation. Institutional buyers appear to be active around the breakout area. Price Targets (TRG): The chart indicates two price targets based on the breakout. The first target (1st TRG) is around 1000 . The second target (2nd TRG) is around 1400 . Support and Resistance Levels: The breakout level around 778.95 INR now acts as a support level. The previous resistance level, where the breakout occurred, is also marked. Potential Future Scenarios: Bullish Scenario: If the breakout holds and the price continues to rise with increasing volume, the stock may reach the first target around 1000 Further bullish momentum could push the price to the second target around 1400. Bearish Scenario: If the breakout fails and the price falls back below the support level (778.95 ), the stock could retest lower levels within the handle formation. for MORE check in my TradingView ID 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:SUNTVLong
by asAMOLSUTAR