-Strong fundamental stock. -Available at very cheap P/E of 8 only. -YOY 25% OPM -Whopping 70.5% ROCE. -60%dividend payout. Stock currently in consolidation phase with cup and handle formation. -Buy above 363 -Target 385 -Stop loss 347 Dip level buying was 238
MAHINDRA & MAHINDRA or M&M is breaking out of a 2month cup and handle pattern and sustaining for 2 days above the breakout. It is important it sustains the breakout to move higher. Recent volume and RSI high.
UCOBANK has rapidly broken out of a huge 6 Year Cup Handle pattern. The massive breakout over the last 2 days has pushed it over 35%! Huge volumes and high RSI. No wait for profit booking and see if it sustains. The whole PSU bank pack is breaking out.
PUNJAB SIND BANK (PSB) is showing a 5 year Cup Handle Breakout with high RSI and good volumes. Obviously it is the week's first day and the weekly candle is still forming so look out for the candle close is important and the breakout should sustain over the next weeks. The PSU bank sector is also bullish now as many other banks are breaking out too.
GLAND PHARMA is gearing to break a 3 year resistance and has created a 1 Year Cup and handle and retesting levels after a prolonged downslide over 3 years. Volume and RSI are high.
KSL or KALYANI STEEL has done a massive 6 Year Cup and Handle Breakout. It then retested the level and brokeout again with highest volumes. High RSI.
COALINDIA has given breakout of 4 year cup and handle and sustaining breakout. High volume and RSI
PTC is breaking out af a 12 year channel. It formed a large cup and handle also over the last few years. High volume and high RSI
IFCI is getting ready for a 5 year cup and handle breakout above 19. High RSI, High Volume
This scrip is certainly a Cash Cow for the Traders in next few days. Here we see TRENT LTD in completed CUP and HANDLE Format. The Chart has retested the support level at 1286 and crossed above the level 1340.55. First Entry level @ 1340 has already crossed as stock is trading @ 1363.10. However, if it retests the support level @ 1340.55 , one can enter the trend...
Today's candle marks the break out of the Cup & Handle pattern in ICICI Bank's daily time frame chart. We may see a couple of days of profit booking due to the following reasons: 1. F&O Scrip 2. Near lifetime High 3. Has been closing in green for 8 consecutive days But, don't fret. Good days are only going to be ahead. I will suggest accumulating on every dip...
Price Comming Out Of Cup & Handle Pattern. Keep Stop Loss Below The Low Of Break Out Candle.
Cup & Handle Pattern Formed With Nice Price Action. Pin Bar Formed At Resistance. Stock Has Done Well Last Week When Entire Stocks Were Going Down, So Good Relative Strength As Well. On The Verge Of A Breakout.
CUP & HANDLE BREKOUT At Huge Volumes. Check out Everest Industries. Do like & Share.
Happiest Mind has formed nice cup and handle pattern. It hasnt broken out of the pattern yet - but expected to break in next few sessions. One can enter a LONG trade in stock in HAPPIESTMIND. Entry- 1010 (on closing basis on daily candle) . Entry will be good at this point as 1000 is nice round figure psychological support. SL 967 Target:- 929 Target:- 1221...
Orient Bell Ltd Stock On weekly Chart forms Cup & Handle Pattern and give breakout with good volume Also on daily chart forms bullish H&S pattern. Now stock will retrace after this BO. Can be add at 650 levels at trendline support levels. For positional targets of 870 to long term targets of 970. ---- Note: Above levels are for education purposes...
Breakout of cup and handle in hourly charts of Page industry could soon see levels of 43000 and 43500. Long near 42400-42500.
As can be seen in the chart NSE:AFFLE is forming Cup and handle formation. All the Levels are mentioned in the chart. One can go long after a Successful breakout. Disclaimer : For Educational Purpose only.