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Head and Shoulders

MOTILALOFS: Cup and Handle Breakout – Bullish Continuation AheadAnalysis Overview : This chart of Motilal Oswal Financial Ltd NSE:MOTILALOFS highlights a classic Cup and Handle pattern, which indicates a potential bullish continuation. The stock has broken out of this pattern after retesting the neckline, signaling the possibility of further upside. Key Observations: The Cup and Handle pattern has formed over several months, signifying accumulation. After breaking out from the neckline, the stock retested the breakout zone, which is a positive sign for bulls. The stock is now trading above ₹775.60, approaching a 52-week high of ₹782.90. Volume Surge: There was a noticeable increase in volume during the breakout, confirming strong buyer interest. Volume remained steady during the retest phase, indicating that the price held firm despite the lower selling pressure. Technical Insights: Breakout Confirmation: A clean breakout above the neckline of the Cup and Handle pattern suggests bullish momentum, supported by rising volume. Retest and Bounce: The retest of the breakout zone has held, providing confidence that this level will now act as strong support. Volume Significance: The volume surge during the breakout is a positive indicator that institutional buyers may be driving the move. Sustained higher volume will be crucial for further price appreciation. 52-Week High: The stock is nearing its 52-week high, and a successful breach could lead to a strong upward move, with the next targets in the ₹800-820 range. Trade Ideas: Bullish: Enter on a breakout above ₹782.90, targeting higher levels around ₹820.00 and beyond, with a stop-loss below the retest level. Conclusion: This technical setup in Motilal Oswal Financial Ltd offers an attractive opportunity for bullish traders looking for continuation patterns. The clean breakout, successful retest, volume confirmation, and proximity to the 52-week high make this stock one to watch for potential long positions.
Editors' picks
NSE:MOTILALOFSLong
by rajsharmatt
3
OFSS -Inverted Head and shoulder— Near Breakout -Daily OFSS -Inverted Head and shoulder—Daily It also forming flag and pole pattern. Name - OFSS Pattern - Inverted head and Shoulder Timeframe - Daily Status - Near breakout Cmp - 10988 Target - 13074 - need to close above 11330 SL - 10700 Pattern The Inverted Head and Shoulders pattern is a bullish reversal pattern Fundamentals Oracle Financial Services Software Limited (OFSS) is a prominent player in the financial technology sector. Here are some key fundamentals of the company: Market Capitalization: Approximately ₹93,085 crore Share Price: ₹10,9887 on NSE Price to Earnings (P/E) Ratio: 39.86 Revenue: ₹6,652 crore for the fiscal year ending March 2024 Net Profit: ₹2,335 crore for the same period Dividend Yield: 2.24% Return on Equity (ROE): 32.53% These metrics indicate a strong financial position and consistent performance.
NSE:OFSSLong
by VCharts_TA
KPIT Tech: Is This High-Conviction Pattern Set to Deliver?This is purely a technical play in NSE:KPITTECH The chart is showing a high-conviction inverse head and shoulders pattern, suggesting a potential bullish reversal. A volume breakout and close on a lower timeframe above 1882 could provide a solid entry point. For this trade one can maintain a strict stop loss of 1790. The targets to aim for are 2054 and 2105, which align with the expected move from this setup . This is a short-term trade idea, but monitor price action and volume for confirmation of the breakout. Additionally, consider any other technical indicators or tools that could further validate this setup. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risks and is not suitable for everyone. Always conduct your own research and consult with a financial advisor before making any investment decisions. The author is not responsible for any losses incurred.
NSE:KPITTECHLong
by sandeshprabhu85
8
ARIHANTCAP - Inverted Cup and Handle -Wkly-Breakout - LongARIHANTCAP - Inverted Cup and Handle -Wkly-Breakout - Long It has two pattern -Symmetrical triangle and Inv CnH. Name - ARIHANTCAP Pattern - Inverted head and Shoulder Timeframe - Wkly Status - Breakout with good volume Cmp - 99.7 Target - 138.3 SL - 75.5/85 Pattern : Inv Head and shoulder The Inverted Head and Shoulders pattern is a bullish reversal pattern Fundamentals Here are some key fundamentals of Arihant Capital Markets Limited (ARIHANTCAP): Market Capitalization: ₹787.09 crore. Share Price: Around ₹76 as of the latest trading session. Price to Earnings (P/E) Ratio: 12.40. Revenue: ₹200.72 crore for the trailing twelve months. Net Profit: ₹47.82 crore for the same period. Dividend Yield: 0.75%. Return on Equity (ROE): 18.12%. These metrics indicate a solid financial performance with a focus on profitability and growth.
Editors' picks
NSE:ARIHANTCAPLong
by VCharts_TA
4
UNOMINDA -Inverted Head and shoulder -DailyUNOMINDA -Inverted Head and shoulder—Daily Name - UNOMINDA Pattern - Inv Head and shoulder Timeframe - Daily Status - Near breakout Cmp - 1173 Target - 1494 - need to close above 1193 SL - 1079 Pattern The Inverted Head and Shoulders pattern is a bullish reversal pattern Fundamental : Here are some key fundamental ratios and metrics for UNO Minda Ltd.: Market Cap: ₹630.55 Billion Current Price: ₹1,099.70 Price-to-Earnings (P/E) Ratio: 69.48 Price-to-Book (P/B) Ratio: 12.76 Return on Equity (ROE): Not specified Dividend Yield: 0.29% Enterprise Value/EBITDA: 24.72 UNO Minda is a leading manufacturer of auto components, including electrical parts and accessories2. The company has shown strong market performance, but its high P/E and P/B ratios suggest it might be relatively expensive compared to its earnings and book value.
NSE:UNOMINDALong
by VCharts_TA
RUNEUSDT: Could This Bearish Structure Signal a Major Move?Yello, Paradisers! Are you ready to catch the next big move in RUNEUSDT? Let's dive into the details. 💎RUNEUSDT is currently following a bearish market structure, making it an ideal candidate for short opportunities. Recently, we’ve seen the formation of a Head and Shoulders pattern right after RUNEUSDT touched the bearish Order Block (OB) zone. This pattern strengthens the likelihood of a bearish continuation, but we need a breakdown with a candle close below the support zone for confirmation. This breakdown would also indicate a Change of Character (I-CHoCH) toward the bearish side in lower timeframes. 💎Now, if the price rises from the support zone, there's a chance we could see a potential Double Top pattern form at the bearish OB zone. Again, confirmation through an I-CHoCH is crucial before taking any action. 💎However, if RUNEUSDT breaks out above the bearish OB zone, it’s best to step back. There’s no bullish setup in play at the moment, so sticking to our rules is essential for long-term success. Remember, disciplined trading is the key to consistency. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Nathan