SAMHI has formed CUP AND HANDLE pattern on the Daily charts and has given a breakout. A cup and handle price pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal signalling an uptrend. SAMHI is trading above its 11 & 22 day EMA. RSI is at 61...
ONGC broke the neckline of the Complex Inverted Head and Shoulder on the daily chart with decent volumes and it is looking good for an upside run. A complex inverse head and shoulders pattern, also known as a multiple inverse head and shoulders, is a bullish reversal chart pattern that indicates a potential end of a downtrend and the start of an uptrend. It's an...
CESC has formed CUP AND HANDLE pattern on the Daily charts and has given a breakout. A cup and handle price pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal signalling an uptrend. CESC is trading above its 11 & 22 day EMA. RSI is at 67...
Delhivery has formed CUP AND HANDLE pattern on the Daily charts and has given a breakout . A Cup and Handle price pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal signalling an uptrend. Delhivery is trading above its 11 & 22 day EMA. RSI is at...
Alkem Labs broke the neckline of Inverted Head and Shoulder on the daily chart with good volumes and it is looking good for a decent run. The inverse head and shoulders pattern is a bullish reversal pattern in technical analysis, indicating a potential shift from a downtrend to an uptrend. It's characterized by three consecutive troughs, with the middle trough...
GRASIM has formed a FLAG AND POLE pattern on the Daily charts and has given a breakout with good volume. The "flag and pole pattern" in technical analysis is a chart pattern that signals a potential continuation of an existing trend. It's characterized by a sharp, initial price movement (the "pole") followed by a period of consolidation (the "flag") within a...
Mahindra Logistics has formed a CUP AND HANDLE pattern on the Daily charts and has given a breakout with good volume. A Cup and Handle price pattern resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal signalling an uptrend. The target of this pattern...
HAL has formed a complex Inverse Head & Shoulder Pattern on the Daily charts and has given a breakout with good volumes. A "complex inverse head and shoulders" pattern is a variation of the inverse head and shoulders pattern, which indicates a potential bullish reversal after a downtrend. Unlike the standard inverse head and shoulders, complex patterns include...
Eternal gave a major resistance breakout today with good volumes. It also broke out from the complex inverse head and shoulder pattern ( Bullish reversal Pattern). This resistance was unbroken since Feb'25 and all attempt to break this resistance was futile on several occasion. Now the stock is poised to good a return of upto 15% in a short term. CMP- 243 TARGET...
Tata Motors gave a Trendline Breakout today. This trendline was unviolated since 29th AUG,24. Hopefully, now Tata Motors will turnaround and start its upward journey. The stock is trading above its 11 and 22 DEMA. RSI is at 52. Interesting Fact - During the Kargil War of 1999 between India and Pakistan, Tata Motors rose 92%. Disclaimer: This is not a...
Shyam Metalics & Energy Ltd has formed a complex Inverse Head & Shoulder Pattern on the Daily charts and has given a breakout with good volumes. A "complex inverse head and shoulders" pattern is a variation of the inverse head and shoulders pattern, which indicates a potential bullish reversal after a downtrend. Unlike the standard inverse head and shoulders,...
Hindustan copper gave a trendline breakout on the daily chart with good volumes. This trendline was unbroken since Oct 3,24. Hopefully now the stock is ready for a good upmove. The stock is trading above it 11 and 22 day ema. Rsi is at54 signalling good momentum
Ceat made a rounding bottom breakout on its daily chart. The target price of this pattern comes to 5000. I already published an article on Ceat () in which I talked about Fibonacci Retracement and Targets. It looks like the Ceat is cruising along and will soon achieve its target in near term. Fundamentally, the company is in a growth trajectory and making...
Ashok Leyland formed a Double Bottoms Formation ( Adam & Adam) on the daily chart. A double bottom pattern is a classic technical analysis charting formation that represents a major change in trend and a momentum reversal from a prior down move in market trading. In this particular Adam & Adam formation the shape of each bottom should appear similar, that means...
Aditya Birla Capital ( ABCAPITAL) has formed an Inverse Head & Shoulder Pattern on the Daily charts. The inverse head and shoulders pattern is a bullish reversal pattern in technical analysis, indicating a potential shift from a downtrend to an uptrend. It's characterized by three consecutive troughs, with the middle trough (the "head") being the lowest, and the...
NAUKRI has formed an Inverse Head & Shoulder Pattern on the Daily charts. The inverse head and shoulders pattern is a bullish reversal pattern in technical analysis, indicating a potential shift from a downtrend to an uptrend. It's characterized by three consecutive troughs, with the middle trough (the "head") being the lowest, and the other two troughs (the...
Gold Futures formed a Head & Shoulder Pattern on the 1 hour chart and given a breakout on the downside with strong volumes, confirming the validity of the pattern and the breakout. The HNS target comes to Rs.89000 which is good further 3% from the current prices. However the Stop loss is very steep so one can wait for some pullback for entry. CMP- Rs....
Ceat announced its quarterly results on 29.4.2025 and the market gave big thumbsup to its numbers making the stock price surge up to 8% to Rs.3300 at the time of writing. On the technical charts CEAT is looking very strong for the more upmove ahead. The stock has broken out of its Resitance zone of Rs.3050/3100 with strong volumes. The stock has retraced 78.6%...