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
Cuphandlepattern
BITCOIN - Cup n Handle PatternsBITCOIN 4 hr. Chart Analysis
This Bitcoin Analysis based on previous 1-year cycles of DOWN-UP performing pattern of CUP n HANDLE. So, first one CUP was in DOWN side that indicates HANDLE at Uptrend Pattern, while second one is in Reversal mode of CUP indicates into UPPER mode n HANDLE that will be shown the indications of soon Downtrend into coming days.
As per Pattern, the Ratio of CUP n HANDLE pattern growth up to 1/2 to 1/3 ratio of cut-off marks, it shows that soon CRYPTOCAP:BTC will be into Downtrend cycle of minimum $28-26k while maximum up to $24.8k to $22.5k approx.
Always #DYOR and Trade wisely by using of #StopLoss
MUST LIKE & SHARE...
TRENT LTD: SHORT TERM TREND ANALYSISThis 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 @ 1340. The Targets would be 1380 (Previous Resistance), 1475 (Previous Resistance) and 52 Week High of 1560.
Volume is High and Trend is supported by both the Moving Averages. Please refer to the Chart for further details and let me know if you have any questions. This analysis is completely for educational purposes, and it has nothing to do with CALL TIPS.
Please do not forget to boost once you are satisfied with my analysis.
Grasim - Cup and Handle formationGrasim is forming a cup and handle pattern on the daily charts and once it breaks the 1830 levels (which is a main pivot level as it forms the ends of the cup), a significant up move can be expected. Given that the RSI is also crossing 60, breaching of the 1830 levels can be expected in the next 1-2 days.
Following the breach, the first major resistance will be at the 1890-1900 level, which is close to the all time high and also matches the 0.5 level of trend based fib extension. Hence this can be considered the 1st target and 0.786 and 1 levels considered T2 and T3 respectively
Bajaj Finserv Ltd.: Cup n HandleBajaj Fiserv Ltd is currently engaged in life insurance, general insurance and consumer finance businesses and plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.
CMP: 15528.95
In Bajaj Fin. Cup and handle structure/ Pattern on 14722 market retraced up to 15450. and move for big downfall up to target 11490.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
CUP AND HANDLE PATTERN | KCP LTD | 1D | NSE | LONGCup and Handle Pattern
-------------------------------------------
Entry =138
Stop loss =112
Target 1st =169
Target 2nd =273
-------------------------------------------
Stock trading above 200 EMA
-------------------------------------------
For Educational Purpose Only.
CHOLAFIN TRADE SETUP FOR TOMORROWCholafin made trendline and then in September stock touched the 623 level and stock reversed from the level,
.
Stock made cup pattern till now now the time is make a handle pattern so for tomorrow,
.
If stock goes down 610 and then reverse you can make the position in this stock for the target of 640.
.
What's your view on this comment below in the box.
Bharti Airtel: Remember what was said for Bharti Airtel at 525Bharti Airtel
This is what was posted on July 04, 2021 when Bharti Airtel was at 525
- momentum might come in once closing is above 560 (on a weekly or monthly closing basis)
- the importance of 560 was derived from February 2021 month candle (Shooting star candle)- where the Open was at 559 and close was at 556 but intraday high was at 623.
That candle reflected that close above 559 would lead to at least February highs of near about 623 levels in quick time
it consolidated for the whole of July but in month end it closed at 561.65. Today Bharti Airtel has made a high of 619 (already 10% rally) in 4 trading sessions.
That idea (posted on July 4) had just 5 Likes but those who followed the idea are reaping the rewards now...
Technical Analysis can give you a lot.... the question is are you willing to listen to charts???
Follow for more such ideas...
But don't just follow me blindly
learn to identify such opportunities independently...
Lt- A pick for the investment.Lt is giving us some signs to keep an eye on this.
Let's look at some views:-
One more View:-
Along with this i have plotted one more pattern i.e triangle pattern with price action.
2 Targets have been plotted.
Remember longer the target longer the wait time is..
Keep an eye ladies and gentleman.
Cheers and Happy Trading.