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Cupandhandlepattern

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
LLOYDSME [CUP & HANDLE]watch on No more say to every one my chart are talking with you what happen of some days . That patterns may be significant chance to grow up and reach to targets . for MORE check in my TradingView 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
BSE:LLOYDSMELong
by asAMOLSUTAR
BITCOIN BTC on CUP & Handle Pattern | Target 1,21,00 $As per Technical analysis on weekly timeframe on BTC. I think BTC might go in an upward direction CUP & Handle pattern formation found. Now, BTC at 70000$ Also, Check my previous BTC target at $70,000 Keep Using SL and always remember below points Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
CME:BTC1!Long
by NaveenTTR
PFC-A good ATH breakout of investment stock!PFC has given yet another ATH breakout as the bull run of this stock continues. A beautiful cup and handle flag consolidation is seen in the stock which can be reason to fuel more rally in this stock. Momentum traders can keep this stock in watchlist. 555-560 will be a strong supply zone for the stock. Easy 10% returns are visible here. Long term target of the stock is 1000+ and hence long term investors should continue holding this PSU stock. PSU Power sector will keep growing and so will PFC.
NSE:PFCLong
by chartistamey
Cup and handle breakout in auto sector stockAshok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout. A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB. Chart looks similar to Midhani which gave a sharp upmove after breakout Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
NSE:ASHOKLEYLong
by chartistamey
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