Jindal Steel & powerJindal Steel & power had nice cup formation since last 15 years. If now it sustains above 750-760. It has huge runup to go. This can be a good wealth creator in future.
LongCup And Handle
Long
Tech mahindra rounding bottom breakoutSolid rounding bottom breakout in Tech mahindra. Target is big. Follow the SL of 3%
Long
Birlasoft price actionBirlasoft showed good strength earlier. Consolidating in the zone. Will rise again from the last support.
Long
NIfty IT (27 July 2024)NIfty IT (27 July 2024)
Cup and handle pattern breakout in weekly chart
Disclaimer- This chart is only for learning purpose. It is not for trade
Long
L&T finance 7 years breakout probablityL&T finance has 7 year rounding patten. Now coming near to the breakout zone. It should wait here near the 195 zone and then breakout. May be if breakout gets tested will be a double confirmation. I always picks stocks before it’s breakout happens. Clean target is 340. There will be stopover in-between also. I showing in monthly candles so picture will be more clear.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you
Long
Godrej Properties - Cup & Handle and Pennant Breakout Godrej Properties is making a head and shoulder in a large time frame (consolidation) for a target of 4000+. For a short-term it has broken pennant pattern for a target of 3000+. Other factors:
1. RSI will be improving
2. MACD is becoming positive
3. Double pattern formation
"Clear Charts, Easy Charts"
Learning & Earning !!!
Cheers!!
Long
Pidilite - Cup & Handle Pattern!!!Pidilite Industries has broken cup & handle pattern. looking for a target of 3400+. Other factors:
1. MACD has become positive
2. RSI is above 60; showing bullishness
3. Fundamentally, highest TTM sales and profitability
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!!
Long
Marico - Cup & Handle & Rectangle PatternMarico is making a cup and handle & a rectangle pattern on weekly time frame. Once breakout is done, we can see levels of 760-800. Keep monitoring and once breakout is done, we can see quick moves given FMCG sector is go-to sector now. Other factors:
1. Volumes have increased substantially, pls see weekly volumes
2. RSI is above 60
3. MACD is becoming positive
4. On breakout the price will break Oct'21 price, price breaking out of a long drawn structure has high potential
"Clean Charts, Easy
Long
Sectoral Analysis-Nifty ITA sectoral analysis after quite long time.
I had previously covered Nifty Pharma & Nifty Energy which have outperformed Nifty.
However, Nifty IT has largely underperformed in the last 2 years as compared to broader indices mostly because of recession in western countries.
The sector is in consolidation since last 3 years and all the investors of large cap IT companies have been waiting for a breakout to happen.
If the chart of Nifty IT is analyzed, we can see a possible cup and handle formation
Long
ALEMBICLTD - WEEKLY CHART WITH CUP AND HANDLE BREAKOUTHi All,
This idea is about Alembic Ltd
Alembic Limited is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets.
Fundamentals:
Market Cap ₹ 3,087 Cr.
Current Price ₹ 120
High / Low ₹ 122 / 72.2
Stock P/E 11.5
Book Value ₹ 85.1
ROCE 4.86 %
ROE 12.6 %
Equity capital ₹ 51.4 Cr.
EPS ₹ 10.5
Promoter holding 70.9 %
Market Cap to Sales 19.6
Sales growth 23.8 %
Technicals
As can be seen in the weekly chart of Alembic Ltd, if the price crosses 123 resistance it has an upside
Andrewyule - Potential Multi year C&H Pattern. Best above 71Andrew Yule -PSU & Diversified Conglomerate. Multi-year Cup and Handle in formation.
One can enter above breakout i.e. 71 with Stop loss of 38. Targets 80/120 and above that open sky
Disclaimer : Educational Content. Please do your research
Ujiivan Small Fin Bank - Very risky. Best Above 48. SL-45Ujjivan Small Finance Bank
Cup and Handle in making. Bank reported poor numbers.
Its a risky setup, and risk takers should buy above 48 only.
Pro tip : Setup Alert for 48 price in your trading account and then enter.
Invalid below - 45 (stop Loss)
Disclaimer : Educational Content. Its all about probabilities and no one knows how things will shape. Please do your own research. !!
IFCI GOING TO HIT LIFE TIME HIGH!IFCI break out at 65 in the weekly time frame. If he hold these level then in coming week it will be hit life time high at level 80.
My target for IFCI
Long term : 120
Short term: 80
If you are long term investor, it will be good opportunity to buy at this level.
Long
MEMEUSDT: Cup & Handle Pattern Could Signal Major Reversal!Yello Paradisers! Are you ready for a potential breakout that could send MEMEUSDT soaring? Let's dive into the latest technical analysis and see what's brewing.
💎MEMEUSDT has recently broken out of a descending channel and is currently showing consolidation. This consolidation is forming a classic cup and handle pattern, which typically increases the probability of a reversal.
💎However, to confirm this bullish move, we need to see a breakout and candle closing above the resistance zone. This w
Long
Long
Is RUNEUSDT Poised for a Bullish Breakout?Yello, Paradisers! Could RUNEUSDT be gearing up for a bullish breakout? Let’s break down the latest analysis and see what levels are crucial for this move.
💎RUNEUSDT is currently in a descending channel and has formed a cup and handle pattern, increasing the probability of a bullish move. However, we need more than just patterns to confirm the trend.
💎We need a breakout of both the descending channel and the resistance zone of the cup and handle pattern to confirm a bullish move.
💎If there's
Long
ITC [W ]this good or bad news guys ... my side good stock go to high ,,,.... this good for holding like long term .
inverted head and shoulder
option 1 is like a cup and handle
and
option 2 is inverted head and shoulder
IF YOU LIKE MY IDEA ……like 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
Long
WELSPUNLIV (Weekly)WELSPUNLIV (Weekly)
CMP 172
Weekly breakout and close above previous 52 week high
cup and handle pattern
Long
JUSTDIAL - Weekly AnalysisIn the Weekly Chart of JUSTDIAL ,
we can see that, it has given a very Large Cup & Handle breakout.
Let it retest the Trendline and create a Bullish Pinbar or Doji candle or W shape recovery so that we can have an entry with SL and Target.
Long
CLEAN - Weekly AnalysisIn the Weekly Chart of CLEAN ,
we can see that; it has retested the Trendline and it is leading towards Cup and Handle breakout.
Looks like it will be bullish in coming time.
Expected momentum is shown in chart.
Long
Nilkamal - Breakout of down trend on WTF and Cu& Handle on DTFNilkamal Ltd is looking good on WTF and on the verge of completing C&H on DTF. Other factors:
1. RSI is improving
2. MACD is improving
3. Once it completes it C&H, we can see it moving more vigorously. So keep a watch.
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
Long
MTNL Long Term investment - monthly Analysis Buying CMP 69 TarMTNL Long Term investment - monthly Analysis
Buying CMP 69
Targets - 120- 200- 380+
SL below 32
LOng term holders can use 15 as SL
Holding time - 3-4- years
Long
CUP & HANDLE FORMATION IN IT INDEXIT index broke the important resistance zone where this breakout can be called has multi-year breakout with cup and handle formation on weekly chart .
Cup and Handle formation on the weekly chart shows the strength in the Index which tends to the strong bullish trend , to capture this trend ITBEES are one of the best choice can be made .
The target and SL has been explained in details on the chart.
HAPPY TRADING (:
Long
MPHASIS - Weekly AnalysisIn the Weekly Chart of MPHASIS ,
we can see that, it has given Cup & Handle breakout.
Let it retest and or halt for 2-3 week for stronger move.
After that enter with SL and Go Long.
Expected move is shown in chart.
Long