Potential Cup and Handle Breakout PossiblePotential Cup and Handle Breakout Possible in Weekly TF of NSE:LTTS
With Fed's 50 bps Rate Cut IT Sector looking Positive.
LongCup And Handle
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Alok Industries making Cup and handle pattern it will move to 60Alok Industries has been Rejected from the Resistance level of 33 Rs and is making a handle. If it breaks the Resistance of 33 Rs with volume, it will move to 60 Rs.
Time - The cup (2022-2024) Takes 2 years and handling will take mostly 1 year which will happen almost in March 2025
Chart Duration - Weekly
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Bank Nifty - Sep 18Price is moving in range for the past few days. Also it is forming rounding top pattern which is bearish.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 51200.
Stop Loss : 51120.
Targets : 51280, 51360, 51480, 51560 and 51640.
Sell below : 50960.
Stop Loss : 51060.
Targets : 50900, 50820, 50700 and 50620.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a sugg
Graphite INDIA- EV Boom - Buy Above 592Graphite India - leading manufacturers of graphite electrodes, which are essential for electric arc furnace (EAF) steelmaking.
Graphite India Limited is one of India's leading manufacturers of graphite electrodes, which are essential for electric arc furnace (EAF) steelmaking. Founded in 1974, the company also produces graphite-related products for industrial applications, such as high-temperature and corrosion-resistant materials. Its headquarters are in Kolkata, India, with manufacturing f
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CENTURYPLY - Breakout Cup patternCENTURYPLY has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment.
Key Observations
Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation after a period of consolidation.
Breakout: The stock has recently broken above the handle of the cup, indicating a potential bullish breakou
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CENTURYPLY: Bullish Breakout from Cup and Handle FormationCENTURYPLY has shown a strong bullish breakout from a cup and handle pattern, which suggests a potential continuation of the uptrend. The increase in volume during the breakout supports this bullish sentiment.
Key Observations
Cup and Handle Formation: The chart appears to be forming a "Cup and Handle" pattern, which can often signal a bullish continuation after a period of consolidation.
Breakout: The stock has recently broken above the handle of the cup, indicating a potential bullish b
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HERO MOTOCO - Cup PatternHERO MOTOCO - Cup Pattern
HERO MOTOCO has successfully broken out of a cup a pattern, suggesting a potential uptrend.
The increasing volume and RSI above 70 confirm the bullish sentiment.
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
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GALAXYSURF -Cup and Handle - WklyGalaxy Surfactants Ltd. shows a classic cup and handle pattern forming on the weekly timeframe. Key points of analysis include:
Neckline: Around ₹3,120.
Potential Upside Target: ₹4,014 based on the height of the cup (about 28.98% potential upside).
Volume Spike: A significant increase in volume suggests strong buying momentum.
Support Levels: ₹3,120.
This breakout from the cup and handle indicates bullish sentiment, with further gains expected if the stock sustains above the neckline.
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ICICI Bank Ltd - Cup and Handle -DailyThe chart you've shared appears to represent a daily price chart of **ICICI Bank Ltd.**, with several technical patterns and annotations, primarily focusing on a **Cup and Handle** formation.
Here’s a breakdown of key components and analysis:
### **Cup and Handle Pattern**:
- This is a bullish continuation pattern, indicating the potential for further upward movement.
- The "cup" part is formed when the price dips and then recovers, creating a "U" shape. The "handle" forms as a small consolida
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INDOBORAX - All time high breakout INDOBORAX made ATH breakout with good volumes, we can but at current price and rebuy if price falls to 235 , 231 levels.. with SL @ 227 on Daily closing basis
Targets : 255, 275
Chart also made cup pattern, it might form handle too... If you want to follow cup and handle, then have SL @ 210
Note : I'm just sharing my view, not a buy recommendation!
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BLUEDART - Cup and Handle—Breakout -DailyBLUEDART - Cup and Handle—Daily
Upward Trend Line:
Indicates a general increase in price over time.
Neckline - 8995 => exit:
Suggests a potential exit point at the price level of 8995.
Breakout with Very High Volume:
Indicates a significant price movement accompanied by high trading volume, which often confirms the strength of the breakout.
For a potential price target of 12,555.
This analysis suggests that the price has broken out of a previous resistance level with strong volume and may c
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INDOBORAX-Cup and Handle -DailyINDOBORAX-Cup and Handle pattern, which is a bullish continuation pattern.
Neckline/Support: The neckline is marked at 210. This is a critical support level.
Cup Height: The height of the cup (68) from the neckline is 278. This measurement can be used to estimate the potential price target if the pattern completes successfully.
Volume: We saw some volumes during breakout, and today there was very high volume.
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PNB HOUSING FINANCE LTD (PNBHOUSING)PNB HOUSING FINANCE LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend.
The increasing volume and RSI above 50 confirm the bullish sentiment.
RSI: The RSI is currently above 50, indicating a bullish trend.
MACD: The MACD line is above the signal line, indicating a bullish trend.
Moving Averages: 50-day moving average is also approaching the price from below, which could provide additional support.
Disclaimer: This analysis is based on historical
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CRAFTSMAN - Cup and Handle breakoutCRAFTSMAN - Cup and Handle breakout
Disclaimer:-
This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
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Nifty IT - Bright times ahead
Cup and handle formation in weekly charts.
Nifty IT Saw a significant downtrend from Jan'22 and recovered from the cup low to the cup high in Feb'24. Post that, you can see another dip and recovery forming the handle.
This should continue and see NIFTY IT reach 50K>52K in the coming year.
Target 50K>52K
Timeframe by Jun-Jul'25
Invest in good quality IT companies at good to great valuations to ride this sector rotation.
Long
CRAFTSMAN AUTOMATION READY TO CRAFT SOME QUICK RETURNSThe stock has been forming an cup and handle pattern on the daily timeframe , it faced severe drawbacks many times but the stock stayed resilient and made a quick comeback
the company is the Largest player in machining of cylinder blocks and cylinder heads in the intermediate, M&HCV segment as well as in the construction equipment category
Manufacturing Facilities - Co. has 12 manufacturing facilities located at Coimbatore, Chennai, Bangalore, Pune, Indore, Faridabad, and Jamshedpur with a to
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Cup and Handle Breakout: JUBILANT FOODWORKS LTD (JUBILFOOD)Cup and Handle Breakout: JUBILANT FOODWORKS LTD (JUBILFOOD)
The RSI is currently above 60, indicating a bullish trend.
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
Long
MOREPENLAB - Multiyear Breakout -Cup and Handle - MonthlyMOREPENLAB - Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart:
Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices.
Neckline: The neckline is marked at 74 will also act as stoploss.
Target Price: The potential target price is around 146, if the pattern completes successfully.
Vol
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OSWAL GREENTECH LTD (OSWAL) - Cup and Handle PatternCup and Handle Pattern - Bullish Breakout: OSWAL GREENTECH LTD (OSWAL)
OSWAL GREENTECH LTD is showing strong bullish momentum. RSI is in a bullish zone.
- Trading over 21EMA
- Strong Bullish Momentum
- Trading 52 weeks’ High
- Massive Volume Buildup
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
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AMIORG -Cup and Handle pattern - WklyAMIORG -Cup and Handle pattern, which is a bullish continuation pattern often used in technical analysis to predict future price movements. Here are the key points:
Cup and Handle Pattern: This pattern suggests a period of consolidation (the “cup”) followed by a slight dip (the “handle”) before a potential breakout to higher prices.
Neckline/Support: The neckline is marked at 1429. This is a critical resistance level. If the price breaks above this level, it could confirm the pattern and lead
ALong
NAZARA - Cup and Handle breakout - WklyName - NAZARA
Pattern - Cup and Handle breakout
Timeframe - Daily and Weekly
Volume - Very Good
Cmp - 1049
Can test - 1390
SL - 989
Cup and Handle pattern, which is a bullish continuation pattern indicating a potential upward trend. Here are some key points from the chart:
Cup and Handle Pattern: This pattern suggests that after a period of consolidation (the “cup”), there is a slight dip (the “handle”) before a potential breakout to higher prices.
Neckline: The neckline is
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INDUSINDBK - Cup and Handle breakout - DailyName - INDUSINDBK
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Avg
Cmp - 1464
Can test - 1570
SL - 1450
Q1 FY 2023-24 Key Highlights Consolidated financial results
o Net Interest Income (NII) grew by 18% YoY to ₹4,867 crores from ₹4,125 crores
o NIM improved to 4.29% as at Q1 FY24 as compared to 4.21% as at Q1 FY23 and 4.28% as at Q4 FY23
o Quarterly Net Profit grew by 30% YoY to ₹2,124 crores from ₹1,631 crores
o Deposits grew by 15% YoY to ₹3,47,047 crore
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WIPRO -Cup and Handle breakout - DailyName - WIPRO
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 550
Can test - 604
SL - 542
Here’s a summary of Wipro Ltd’s Q1 FY25 results:
Financial Highlights
Net Profit: Wipro reported a net profit of INR 3,003 crore, a 4.6% increase from the same quarter last year1.
Revenue: The consolidated revenue for the quarter was INR 21,964 crore, which represents a 3.8% decline year-over-year (YoY)1.
Operating Margin: The IT services operating margi
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CANFINHOME - Cup and Handle breakout - DailyName - CANFINHOME
Pattern - Cup and Handle breakout
Timeframe - Daily
Volume - Very Good
Cmp - 931
Can test - 1048
SL - 905
Here’s a summary of Can Fin Homes Ltd’s Q1 FY25 results:
Financial Highlights
Net Profit: Can Fin Homes reported a net profit of INR 109 crore, up from INR 93.15 crore in the same quarter last year1.
Total Income: The total income for the quarter was INR 450.84 crore1.
Disbursements: Disbursements during the quarter rose to INR 894 crore, compare
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