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ALPA -Cup and Handle -Breakout -Daily -Unusual VolumeAnalysis of ALPA Laboratories Chart: Cup and Handle Pattern: The chart shows a well-defined cup and handle formation, which is a bullish continuation pattern. The cup part indicates a rounded bottom consolidation, while the handle signifies a short-term correction or pullback before the breakout. The depth of the cup highlights a significant period of accumulation, followed by a breakout. The pattern started in early 2022 and was completed by 2023. Shakeout & Volume Analysis: The chart highlights that there was no significant volume during the breakout, leading to what is referred to as a "shakeout or false breakout." This indicates that weak hands were shaken off before the stock eventually surged. However, the chart marks a retest after the shakeout, during which the stock bounced back with huge volume. This volume surge indicates strong buying pressure and institutional accumulation, validating the breakout as genuine. Price Targets: Based on the cup and handle pattern, the projected price target for the stock is 170 INR, as noted in the chart. The price target calculation is typically done by measuring the depth of the cup and adding it to the breakout point, which appears to align with the chart's projection. Recent Breakout: The stock has recently broken out above a resistance level of 108.82 INR, with a strong surge in volume, indicating the potential for further upward momentum. The breakout shows clear upward movement, with the stock currently trading at around 132 INR, gaining around 19.28% for the day. Current Resistance and Support: Resistance is noted at around 170 INR, as the price target based on the breakout. Support lies around 108.82 INR, where the retest and bounce occurred, providing a strong support level going forward. Conclusion: ALPA Laboratories has shown a strong bullish breakout following a textbook cup and handle pattern. The significant volume during the retest and breakout indicates that the stock may have more upside, with a target of 170 INR in the coming weeks or months.
NSE:ALPALong
by VCharts_TA
INDUSINDBK - Cup and Handle breakout - DailyName - INDUSINDBK Pattern - Cup and Handle breakout Timeframe - Daily Volume - Avg Cmp - 1464 Can test - 1570 SL - 1450 Q1 FY 2023-24 Key Highlights Consolidated financial results o Net Interest Income (NII) grew by 18% YoY to ₹4,867 crores from ₹4,125 crores o NIM improved to 4.29% as at Q1 FY24 as compared to 4.21% as at Q1 FY23 and 4.28% as at Q4 FY23 o Quarterly Net Profit grew by 30% YoY to ₹2,124 crores from ₹1,631 crores o Deposits grew by 15% YoY to ₹3,47,047 crores from ₹3,02,719 crores o Gross NPA and Net NPA ratios improved to 1.94% and 0.58% from 2.35% and 0.67% YoY respectively and PCR at 71% as at June 30, 2023 o CRAR as on June 30, 2023 at 18.40% as compared to 18.14% on June 30, 2022 Always welcome for any comments with your feedback or give it a like if you find it useful. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:INDUSINDBKLong
by VCharts_TA
WIPRO -Cup and Handle breakout - DailyName - WIPRO Pattern - Cup and Handle breakout Timeframe - Daily Volume - Very Good Cmp - 550 Can test - 604 SL - 542 Here’s a summary of Wipro Ltd’s Q1 FY25 results: Financial Highlights Net Profit: Wipro reported a net profit of INR 3,003 crore, a 4.6% increase from the same quarter last year1. Revenue: The consolidated revenue for the quarter was INR 21,964 crore, which represents a 3.8% decline year-over-year (YoY)1. Operating Margin: The IT services operating margin improved to 16.4%, up by 40 basis points quarter-over-quarter (QoQ)2. Operational Highlights Large Deal Bookings: Large deal bookings for the quarter were at $1.2 billion, an increase of 31.1% QoQ and 9.5% YoY2. Voluntary Attrition: Voluntary attrition was at 14.2% on a trailing 12-month basis2. Comparative Performance Quarter-over-Quarter: Compared to the previous quarter, net income increased by 5.2%2. Outlook Wipro expects revenue from its IT Services business segment to be in the range of $2,617 million to $2,670 million for the next quarter2. Always welcome for any comments with your feedback or give it a like if you find it useful. ========================================================================== Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NSE:WIPROLong
by VCharts_TA
1
LTTS - Watchlist - Ascending triangle - Cup and handle -Wkly LTTS - Forming Ascending triangle and cup and handle patterns on weekly charts. Need to close above 5890 for breakout, which can test 8000 levels in a 6 to 12 month timeframe. We can have it in watchlist for next week. Strengths The company is virtually debt-free. The company has a good ROE track record of 27.20%. The company has delivered average profit Growth of 23.19% in the last 3 years. The company has delivered good income growth over the past 3 years of 20.47%. The company has effective cash conversion ratio of 106.58. Always welcome for any comments with your feedback or give it a like if you find it useful. in.tradingview.com
NSE:LTTSLong
by VCharts_TA
2
NATCOPHARM - CUP AND HANDLE FORMATION (BO FROM SUPPLY ZONE)Hi All, This idea is about Natco Pharma Fundamentals Market Cap - 21712 Cr Stock PE - 15 ROE - 25.9% ROCE - 30% Promoter Holding - 49.7 Quick Ratio - 3.42 D/E - 0.06 NATCO Pharma Limited (NATCO) is a vertically integrated, research and development focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas. Technicals Since May 21, NATCO has formed a complete CUP and HANDLE formation on weekly chart and has now sustained the breakout for over 2 weeks. The earlier supply zone is now acting as demand zone indicating positive price action. This is for mid/long term investors only Hope you enjoy the idea, Happy Trading, Thanks, Stock-n-Shine
NSE:NATCOPHARMLong
by Stock-n-Shine
2
ALEMBICLTD - WEEKLY CHART WITH CUP AND HANDLE BREAKOUTHi All, This idea is about Alembic Ltd Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. Fundamentals: Market Cap ₹ 3,087 Cr. Current Price ₹ 120 High / Low ₹ 122 / 72.2 Stock P/E 11.5 Book Value ₹ 85.1 ROCE 4.86 % ROE 12.6 % Equity capital ₹ 51.4 Cr. EPS ₹ 10.5 Promoter holding 70.9 % Market Cap to Sales 19.6 Sales growth 23.8 % Technicals As can be seen in the weekly chart of Alembic Ltd, if the price crosses 123 resistance it has an upside of 13% before meeting TOP RESISTANCE. Beyond that the stock will venture into uncharted territory of making ATH Trade should not be taken before the price close above MAJOR RESISTANCE Cup and handle formation with trend line resistance Happy Trading, Thanks, Stock-n-Shine
NSE:ALEMBICLTD
by Stock-n-Shine
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
GODREJCP CUP N HANDLE PATTERNGodrej Consumer Products Limited is an Indian Multinational consumer goods company based in Mumbai, India. GCPL's products include soap, hair colourants, toiletries and liquid detergents. It is one of leading FMCG firms in india as well as globally, their range of product mainly covers shampoo, hair colours, grooming kits. 1.5 billion people globally use Godrej products from soaps and hair care to home care and health every day. We recently identify a cup n handle pattern in Godrej consumer products. CMP: 1315 SL : 1270 T1 : 1390 T2. : 1400 T3 : 1440 Note : It is recommendation it is only for educational purpose
NSE:GODREJCPLong
by rohanbangad
NBCC NEAR BREAK OUT OF CUP N HANDLE NBCC Rally - Base - Rally price action 1.First Rally, then forming Base in the Cup & Handle pattern (Volatility contraction) & then again expected Rally after break out of the neck line. 2. Close above previous day High(134.5) 3. Close above last week High(130.40) 4. High increase in 1 month (+18.7%) 5. High increase in 3 months (+18.8%) 6. High increase in 6 months (+113.6%) 7. High increase in 1 year (+250.8%) 8. Promoter holding 61.75% 9. Pledged percentage 0.00 % 10. Change in Prom Hold 0.00% 11. FII holding 4.33% 12. Chg in FII Hold -0.13% 13. DII holding 9.94% 14. Chg in DII Hold -0.46% 15. Stock PE 60.4 16. Industry PE 95.75 17. ROCE 26.4% 18. ROE 19% For Educational Purpose Only
NSE:NBCC
by Sachin_Lokchandani
1
Comprehensive Analysis of Reliance Power Limited (RPOWER)Overview: Reliance Power Limited (RPOWER) has recently exhibited significant price action, forming a cup and handle chart pattern, which typically signifies a substantial bullish trend. Coupled with strong volume and positive indicators across multiple timeframes, the stock presents a compelling opportunity for investors. Cup and Handle Pattern: The cup and handle pattern on RPOWER's chart has matured over a span of more than 5 years, indicating a long-term bullish setup. A breakout from this pattern occurred recently, accompanied by substantial trading volumes, signaling strong buying interest. Elliott Wave Analysis: Elliott wave analysis suggests that the stock is potentially entering the 3rd wave of the 3rd wave, implying a powerful bullish move. This wave analysis further supports the bullish bias observed in the cup and handle pattern. Technical Indicators: Volume Confirmation: The retracement following the breakout maintained higher lows, with the cumulative volume of 10 candles lower than that of the breakout candle, indicating sustained buying pressure. Bollinger Bands: RPOWER is challenging the upper Bollinger Band on both daily and weekly timeframes, suggesting strong upward momentum. Trend Indicators: Positive crossovers on trend indicators across multiple timeframes signal a bullish trend. RSI and ADX: RSI supports the bullish bias, and ADX indicates increasing strength in the uptrend, with +DI confirming a bullish trend. Trade Strategy: Entry Points: Consider initiating long positions at current levels or on pullbacks, with potential entry points around the upper bands of the cup and handle pattern. Invalidation Level: Set the invalidation level below the last swing low, providing a clear risk management strategy. Price Targets: Upside price targets based on the cup and handle pattern suggest levels of 49+, 73+, and 99+ for Long Terms. Risk Management: Emphasize the importance of risk management techniques, including stop-loss orders and position sizing, to mitigate potential losses. Conclusion: Reliance Power Limited (RPOWER) exhibits a strong bullish setup, characterized by the cup and handle pattern, supported by volume analysis, Elliott wave analysis, and positive technical indicators across multiple timeframes. However, investors should conduct their own research and exercise caution, adhering to risk management principles. This analysis is for educational purposes only and does not constitute financial advice or trading recommendations. Disclaimer: This study is shared for educational purposes only and should not be construed as investment advice or trading tips. Investors should perform their own analysis and consult with financial professionals before making investment decisions. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RPOWERLong
by RK_Chaarts
2
A PERFECT EXAMPLE OF CUP AND HANDLE PATTERN ON FSL STOCKWhat is the cup pattern? Cup and Handle Pattern is a bullish continuation pattern that signals a strengthening of a security's price followed by a breakout, after which the scrip's price soars up. The U-shaped cup represents the era of consolidation, while the handle represents the moment of breakout. How to trade ? The buy point occurs when the stock breaks out or moves upward through the old point of resistance the volumes are also increasing mean its ready to break the cup
NSE:FSL
by tradergyan01
2
AMARAJABAT: Likely to form a Cup & Handle PatternAmara Raja Battery is likely to form a Cup & Handle Pattern. Wait for breakout from 710 level. #Current Price - 645 #Expected Target - 970 #Resistance Based Targets - Target 1 - 790 - Target 2 - 880 - Target 3 - 970 #Support Based Targets (Can be used as Stoploss) - Target 1 - 671 - Target 2 - 608 Pattern is forming on weekly chart. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered. Please give a Like if you like.
ALong
by paras0408