Price has been trading in the long-term channels for more than 16 months. After making a low of 785 , prices started rising to the upper band of the parallel channel. Currently, prices are trading above 100 EMA .
PEL has formed a value area with a cup and handle pattern. The neckline of the cup and handle pattern is also the upper band of the value area at 915 .
A Cup with Handle pattern in Kirloskar Brothers, A Breakout of Handle And possible target of 1000 to 1200 in long-term. anyone want safe enrty can wait for retest of 390 and 365. And 345 will be the Stoploss. Thanks
OK THIS is my second analysis after fairchem , for which i updated when i sold .
The IT sector as a whole down due to external circumstances , No internal issues in almost all the it companies.
Considering this opportunity to invest or even trade for short term gains . I prefer mid cap which has better safety against sell off and higher profit percentage...
Cup & Handle Formation signs:
1. Volume dry-ups near the lows of the price pattern.
2. Big volume spike on reversal of price pattern.
3. Volume dry-up on the price pull-backs.
4. Improving Relative strength.
5. Tight areas in price pattern under accumulation.
6. Trading above 200 MA
How to trade it?
1. Watch out for Volume percent change on pivot breakout.
2. The...
cup and handle
break-out
trgs r opens
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 calls, please consult your financial advisors. Thanks
Hello Traders,
Today we will talk about SBI Life.
We are seeing cup and handle patterns in SBI Life in 4h time frame.
And cross the level of 1159 in that then you have to buy and your stop loss will be 1113 .
Traget ( 1160 -1168-1180 ).
Thank you!
Money_Dictators
Disclaimer: This is NOT investment advice. Invest your capital at your own risk.
ASHOK LEYLAND --DAILY CHART - CUP & HANDLE BREAKOUT
1. Channel breakout & CUP & HANDLE Breakout seen on daily chart
2. Histogram seen bullish
3. RSI near 60 level currently 59 level above 60 will extreme bullish
4. MACD above center and signal line
5. above 20,50.100.200 SMA
BUY ASHOK LEYLAND @ 130
target 140-150 + ( SHORT TERM ) - 1 month
stop loss...
THIS IS POSITIONAL INVESTMENT STOCK. BSL LTD stock broke out at 131.30 with significant volume.stock broke its high which made in feb 2018.Now stock trading above that level.
On weekly chart stock forms Cup and Handle pattern.
Target -243
time Target - 16 months
Stop loss-105
NSE:TATAMOTORS
#TATAMOTORS formed Cup & Handle pattern, Levels marked on chart for practice.
Sharing levels daily for LEarning & practice.
Happy LEarning !!
Hindalco Long
Cup and candle pattern
Breakout retest
Buy at CMP- 592 or around 565
SL- 500
Target- 625, 690
Join us, Learn more, Earn more
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Long round bottom consolidation and a handle formation + Triangle - Chart levels are more self explanatory.
Bullish in the weekly charts can expect a breakout soon
17.1.22
a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases. CMP 518 Target 530
