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.
Head and Shoulders
EURJPY SHORT Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 6
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!
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.
Zydus Wellness - Perfect rebound candidate!!!!Zydus Wellness is showing a strong reveral after a long 2 year consolidation. It has given a break-out and trading above important Fibonacci level. We may see price moving towards 2300-2500. Other factors:
1. Steady volumes during consolidation phase
2. RSI is above 60
3. MACD is positive
4. All above are on WTF showing strength
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!!
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.
UNO MINDA : Inverse head & shoulder pattern breakout 📈 UNO MINDA is breaking out from the inverse head & shoulder pattern in the daily time frame. It can give Targets 🎯 of the Shoulders & then its Head .
🔰 Uno Minda can rise upto 12% to 24% returns in the short term.
🟢 Range : 1180 to 1200
🎯 Target : 1340 / 1480
🛑 Stop : 1000 (DCB)
⚠️ Disclaimer : It's not a buy/sell advice. It's a view purely for the educational purposes.
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.
Dr Lal Path - Head and Shoulder Pattern!!!Dr Lal Path has made a Head & Shoulder pattern and a breakout from 2850 will move price towards 4000. Other factors:
1. Steady volumes
2. RSI is above 60 a WTF showing bullishness
3. MACD is making green
4. 20EMA is above the 50 & 100EMA
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
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.
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🌴
BTC SMALL RETRACEMNT BEFORE 69KCRYPTOCAP:BTC Retracement Opportunity: Preparing for a New Surge to 69K.
Bitcoin is currently taking a healthy retracement around the $62K level, presenting a potential opportunity to re-enter long positions. The RSI is cooling off after being in the overbought territory, indicating a pause in the momentum. Meanwhile, the EMA crossovers are signaling a bullish continuation, suggesting that BTC is likely to push towards the $69K target in the coming days.Traders should consider holding their positions or using this retracement to dollar-cost average (DCA) into their trades. The market seems to be setting up for a significant upward move, so stay patient and let the strategy play out. Keep an eye on key support levels and manage your risk accordingly.
Is TONUSDT About to Break Out? Here's What You Need to Know!Yello, Paradisers! Are you ready for what could be a major move in TONUSDT? Let's dive into the latest setup and see if it's time to take action.
💎TONUSDT has recently taken strong support from a key zone and has formed an inverse head and shoulders pattern—often a reliable indicator of an impending bullish move.
💎However, before we get too excited, the price is currently hovering near a critical resistive trendline and resistance zone. For this inverse head and shoulders pattern to truly play out, we need to see a decisive breakout above these levels, confirmed by a candle closing above both the trendline and resistance zone. This confirmation could pave the way for a solid bullish move.
💎But what if the price pulls back? If that happens, we might see a bounce from the support zone. For this scenario to play out, we need a clear I-CHoCH (Internal Change of Character) to signal a shift towards a bullish market structure.
💎On the flip side, if the price falls and closes below the support zone, it would invalidate our bullish outlook entirely.
The key to long-term profitability in trading is patience and waiting for the best, highest-probability opportunities. Stay disciplined, focused, and ready to act, Paradisers!
MyCryptoParadise
iFeel the success🌴
Bank Nifty Analysis: Head and Shoulders Pattern in the Making?NSE:BANKNIFTY closed relatively flat today amidst some market volatility. However, the pattern forming on the chart does not look good. We are potentially witnessing the development of a Head and Shoulders pattern, which, if completed, could signal a downward move. If this pattern plays out, we may see the index decline towards the 49,640 level.
On the other hand, if Bank Nifty fails to form the pattern and continues its upward trajectory, we can see a significant resistance around the 51,900 level.
Important Levels:
Support - 49640
Resistance - 51900
Traders, if you liked this analysis or have your own insights, please share your thoughts in the comments. I would be glad to hear from you! 👩💻
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any trading decisions.