AMBALALSA - MONTHLY BREAKOUT WITH TURNAROUND POTENTIALHi Friends,
Today I'll like to share a very interesting company Ambalal Sarabhai Enterprises Ltd
Fundamentals:
MCap - 548Cr
Mcap/Sales - 3.16
Promoter Holding - 30.8%
PE - 96
On the onset, everything looks bad about this company except PRICE ACTION & FY23 AR (Especially Director's Report)
Some Key factors in the report
- Strategy of moving business to focussed subsidiaries has been successful
- Asence Pharma has started a new Oncology and Synthetic API plant
- Synbiotics is manufacturing
Cup And Handle
NIFTY FMCG is ready for next up move As the market is at all the high and volatility is at the peak.
Now it's mandatory to manage your risk and protect your portfolio from the correction.
FMCG stocks were completed their time and value correction and ready for the next upmove .
One can add FMCG stock in their portfolio to hedge your risk.
Shakti pumps-A long-term investment stock!Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame
Stock is retesting the breakout and low volumes during retracement indicate the same.
If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart.
One of the best stock to invest in "Make in India" growth story.
Stock has given remarkable returns in the last 1 year and has the potential to give similar returns in coming years.
SHIPPING CORPORATION OF INDIA READY FOR BREAKOUT The stock has been forming a cup and handle pattern 273-283 will act as a crucial resistance for the stock however the future looks pretty optimistic for the stock , the stock can rally till the 376 levels very quickly
We can expect good upward momentum in the stock in the coming days , 250 must be the stop loss
Bbox - Buy Above 414 or 255 when it falls.BBox - is seeing Data Center Sector Tailwind.
Cup & Handle breakout on weekly chart can be seen with volumes up.
One should wait and buy above 414 or at 255 when it falls.
540/815/1200 targets with a stop loss of 250.
Disclaimer : Educational content. Please do your own research.
FMCG will be next leader in the Indian MarketHi Traders !!!
Nifty FMCG is on the verge of massive breakout . It is just on the neckline of cup and handle pattern and is expected to give breakout soon. The Daily time frame is showing good chart pattern. The RSI has also room to accommodate this breakout as most of the index is either in over bought zone or very near to it.
The 2 stocks in focus will be revealed soon. Pls comment your opinion to disclose it ..
Thank you !!!
Alpa Cup and Handle Pattern - Bullish### Chart Patterns:
1. **Cup and Handle Pattern**:
- **Cup**: The price action from mid-2021 to mid-2023 resembles a cup formation, with a rounded bottom indicating accumulation.
- **Handle**: Following the cup, the recent price action seems to form a handle, typically characterized by a downward consolidation.
2. **Descending Triangle**:
- There is a descending triangle visible within the handle part of the cup and handle pattern. This is typically a bearish continuation pattern,
Bikaji Foods - Cup & Handle FormationBikaji Foods is forming a cup and handle. A breakout of the same will take the price to 750+. Other factors:
1. Volume has been increasing - see last day candle
2. RSI is above 60, showing bullish sign
3. MACD is positive
4. TTM highest profit
5. FIIs has increase stake
"Clean Charts, Easy Chart"
Learning & Earning!!
Cheers!!!
BEPL-An ATH breakout for multibagger returns!BEPL has been consolidating in a cup and handle pattern in monthly timeframe
130-150 has been a strong supply zone for the stock which has been successfully crossed.
Now, we might see a big strong move as gates are open for stock.
Long term investors should not miss this stock.
Swing traders should wait for pull back of 135 levels for entry.
We can expect multibagger returns from stock in future.
Yes Bank - Best buy only above 25 and 30.YES BANK - Sector Tailwind in Banking stocks.
The stock is forming potential Cup and Handle Pattern
One can make safe entry above 25.50 for 30/50/90 targets. SL - 21
Please note this stock can test your patience hence please don't put all your capital and wait for the levels. Average up as the stock grows.
Disclaimer : Educational content, do your own research.
Bhansali Engineering Polymers Ltd: Cup & Handle PatternBhansali Engineering Polymers Ltd: Cup & Handle Pattern
100 to 500 % upside potential
Stock breaks out through the multiyear resistance line with huge volume and trading above it .
Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Is CFXUSDT on the Brink of a Bullish Breakout?Yello Paradisers! Are you ready for a potential game-changer in the crypto market? Let's dive into the current setup for CFXUSDT and see what's brewing.
💎CFXUSDT has formed a classic cup and handle pattern, often a strong indicator of a bullish move. The recent price action suggests an inducement, increasing the likelihood of an upward breakout.
💎For this pattern to be confirmed, we need a decisive breakout above the resistance level. There's also a resistance line just above the current price
CUB, Cup and Handle pattern formationCUB, Cup and Handle pattern formation: Entry above 170, SL 144, Target 190-200
Disclaimer: Study only for Educational Purpose.
Remember: My Money, My Risk, My Reward, My Responsibility.
Please Consult SEBI registered Financial Advisor for any Financial Advice/ Decision.























