Get started

Cupwithahandle

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
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
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
ALLSEC / Allsec Technologies - PREVIOUS ALL TIME HIGH BREAKOUTALLSEC 1) Time Frame - Weekly and Monthly. 2) Stock hit the previous Life time high 747.90 on 2022, January and Now the stock has broken It's Life time high 747.90 with huge volume & strong bullish candle in weekly and closed at It's All TIme High. 3) Option 1 - With the strong weekly close in All Time High, Buy at this current level. Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 747.90. 4) Recommendation - Strong Buy
ALong
by SHRIHARII
GLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation B/OGLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation Breakout. 1) Time Frame - Weekly. 2) 6 months of consolidation broken in Daily Time frame With Huge Volume. 3) Stock will find a resistance around the price 799 (Previous All Time High). 4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
NSE:GLSLong
by SHRIHARII