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Cup And Handle

CANBK | Cup and Handle | Wkly📆 Multi-Year Weekly Chart 🔹 Pattern: Cup & Handle (2010–2025) 🔹 Breakout Zone: ₹124–126 ✅ 🔹 Current Price: ₹132.9 🔹 Target: ₹235 (~+88%) 🔹 Stop-loss: ₹118 🔹 Support: ₹115–118 🔹 Resistance: ₹164 Trend Strength: ✅ Price > EMA50 / EMA100 / EMA200 ✅ Rising volume on breakout ✅ Bullish PSU bank momentum Fundamentals (Jun’25): 💰 EPS ₹5.5 | P/E 6.5 | P/BV 1.1 🏦 MCap ₹1.2L Cr | Sector: Major Banks ⚙️ Cup depth projection → 235 zone ✳️ Long-term breakout after 15 years of consolidation
NSE:CANBKLong
by DailyCharts03
South Indian Bank Ltd — Going South Before It Heads North?After a stellar impulsive rise, South Indian Bank seems to be taking a short trip south — just to refuel for its next northern journey. The weekly chart unfolds a beautiful Elliott Wave sequence, where Wave 5 of (3) topped precisely at ₹40.30 , aligning exactly with the 2.618 Fibonacci extension of Wave 1 (₹22.30–₹26.95) projected from Wave 4 (₹28.11). Such precision often signals wave exhaustion — and that’s what we’re seeing now, as prices cool off from the climax of Wave (3). The retracement zone between ₹31.30 (0.5) and ₹29.18 (0.618) may act as a potential support area for the upcoming Wave (4) . Interestingly, the broader price curvature hints that this Wave (4) correction might also sculpt a handle-like structure , completing a larger cup base before Wave (5) takes the lead. But that’s a story for later — for now, the textbook Fibonacci alignment deserves the spotlight. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:SOUTHBANKShort
by WaveXplorer
CHOLAFIN| ! Cup and Handle pattern | DailyThe chart displays a confirmed Cup and Handle pattern, which is a highly bullish continuation pattern. Pattern: Cup and Handle (Daily Chart).Breakout: The price has successfully broken out above the pattern's resistance level (the lip of the cup) at approximately $₹1,656.60. This move is typically followed by a strong upward rally. Target: The measured move target for this pattern is projected at $₹2,149. Recommendation: Strongly Bullish on a daily timeframe. Maintain the breakout level ₹1,656.60 as a key support/stop loss. This technical signal is further reinforced by positive fundamental indicators, with Cholamandalam Investment & Finance reporting strong recent earnings growth and a positive consensus from institutional analysts.
NSE:CHOLAFINLong
by DailyCharts03
Axis bank - Multi time frame analysisIn the daily time frame, the price has formed a rounding bottom pattern. In the weekly time frame, the price has formed an inverted head and shoulders pattern. Both are bullish patterns. As long as the price is sustained above 1200, bulls have the chance to move the price up. Price can bounce from the level 1230 - 1245. If price shows bearish strength from the current levels and falls down, buy above 1240 with the stop loss of 1222 for the targets 1258, 1276, 1294 and 1312. If the price opens flat and shows bullish strength, buy above 1260 with the stop loss of 1244 for the targets 1274, 1288, 1304 and 1318. Always do your analysis before taking any trade.
NSE:AXISBANKLong
by vanathi
2
AdityaBirlaCapital - Investment IdeasAditya Birla Capital Ltd - Technical Analysis Simple Technical Analysis Summary Aditya Birla Capital is breaking out from a multi-year resistance zone with a classic and perfect rounding bottom pattern playing out on the monthly timeframe. Fibonacci targets have been activated! Key Technical Observations 1. Multi-Year Rounding Bottom Pattern The stock has completed a textbook rounding bottom formation spanning multiple years. This is one of the most reliable bullish reversal patterns in technical analysis, indicating a fundamental shift from bearish to bullish sentiment. 2. Breakout from Multi-Year Resistance After years of consolidation and base building, the stock has successfully broken out from a significant resistance zone around ₹255. This breakout signals the potential beginning of a new uptrend cycle. 3. Monthly Timeframe Confirmation The pattern is forming and confirming on the monthly timeframe, which carries significantly more weight than shorter timeframes. Monthly breakouts tend to lead to sustained moves. 4. Fibonacci Extension Framework Multiple Fibonacci extension levels have been identified and activated, providing a clear roadmap for potential price targets based on the measured move from the rounding bottom pattern. #Fibonacci Extension Target Levels Based on the rounding bottom pattern measurement and Fibonacci extensions: - Target 1: 314.20 (1.272 Fibonacci Extension) - Target 2: 345.10 (1.414 Fibonacci Extension) - Target 3: 389.90 (1.618 Fibonacci Extension) - Extended Target: 472.00 (2.0 Fibonacci Extension) Key Support Levels - Immediate Support: 255.00 (Breakout level / Previous resistance turned support) - Secondary Support: 171.86 (0.618 Fibonacci retracement) - Critical Support: 146.17 (0.5 Fibonacci retracement) - Base Support: 42.35 (Rounding bottom base) - Pattern suggests long-term bullish structure - Risk-reward favorable for position building on dips Risk Management: - Maintain stoploss below 255 on monthly closing basis - For aggressive traders: 240 (allowing some wiggle room) - For conservative traders: 235 (below breakout zone) Invalidation Level: - Monthly close below 240 would weaken the bullish structure - Break below 220 would invalidate the immediate bullish setup DISCLOSURE & RISK WARNING: This analysis is provided for educational and informational purposes only and should not be construed as financial advice, investment recommendation, or an offer to buy or sell securities. Past performance is not indicative of future results.
NSE:ABCAPITALLong
by earnwhileulearn
1
Long Term Buy #GMRCurrent market Price: ₹153.35 Key Technical Analysis Points "Major Breakout Achievement" The stock has successfully broken out of a 16-year resistance level around ₹101.73, which had been a significant barrier since the 2009 highs. Previous ATH : ₹111.17 - Target 1: ₹125.86 - Target 2: ₹153.35 Key support : ₹101.73 (former resistance, now support) **Long-term Pattern**: The chart shows a classic long-term consolidation pattern from 2009-2023, followed by a strong breakout and retracement that successfully held above the breakout level. Conservative Trader can Initiate buy above ₹101.73 Breakout. The stock experienced significant highs around 2009-2010, followed by a prolonged bear market and consolidation phase lasting over a decade. The recent breakout suggests a potential new bull cycle for the airport infrastructure company.
NSE:GMRAIRPORTLong
by earnwhileulearn
Metals - Ready to shine?As Nifty is gaining bullish strength, I took the metal sector stocks to do an analysis and found a similar pattern formation. The pattern I found is a rounding bottom, which is a bullish pattern. Among the stocks, tatasteel, JSW steel, Jindal steel and Hindalco, JSW steel is showing more strength as it has already broken the rounding bottom resistance and is moving up. JSW steel - has support at 1120 zone and resistance at 1200 - 1220 zone. Tatasteel support is at 160 and resistance is at the 178 - 180 zone. Jindal steel - support is at 980 -1000 zone and resistance is at the 1100 zone. Hindalco - support is at 720 and resistance is at 790 - 810 zone. There is no buy or sell levels. Just an observation about the similarity in stocks.
NSE:JINDALSTEL
by vanathi
9
Cup and Handle & Inverse Head and Shoulder in Adani Ports.The Stock Had Formed Cup And Handle & Inverse Head and Shoulder. It seems to breaks out of the Neckline, it may hit the IHNS target of 1662 approximately. And than Target of Cup & Handle. Lets see how it unfolds .Rest targets will be updated as chart unfolds. All Targets mention are Approximate. Good luck. TY . ITS JUST PURELY FOR LEARNING AND EDUCATIONAL PURPOSE. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. THANK YOU.. JMK
NSE:ADANIPORTSLong
by niteshaga44
5
Beautiful Cup & Handle Trade in L&T Finance in Weekly Time FrameL&T Finance has started its next leg Movement on already completed Cup & Handle breakout. As you can see from the charts, the price has consolidated for around 8 years under this beautiful cup and Handle formation. Having this pattern in a weekly time frame and having already completed the neckline break out, with excellent retest and pullback, the stock is well poised for a zooming move in further days. Adding fuel to the move is that its results is expeced on 15th October, which is expected to be super duper as this is festive season. And in past 15 years, 11 years the scrip has given good returns in the month of October. Todays Volume is in good numbers. Stock has closed well above recent 52week high. Can be considered at below levels: Entry - >268 Target 1 -> 300 -- Short term Target 2 -> 348 -- this might take more time. Stop Loss -< 233 Weekly close below this price. The above details for educational purpose only.
NSE:LTFLong
by SANKARS7
3
Nifty - Expiry Day Analysis Oct 7Today, the price moved along with the upper trend line of the channel and is sustaining above 25000. Now price has to break 25100 with bullish strength to move towards 25400. The hourly chart shows the formation of a rounding bottom. Buy above 25120 with the stop loss of 25070 for the targets 25160, 25200, 25260 and 25300. Sell below 24960 with the stop loss of 25010 for the targets 24920, 24880, 24820 and 24780. Expected expiry day range is 24900 to 24250. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
11
Sequent Scientific - 2 CUP & HANDLE PatternsSequent Scientific is heading for a 60% to 200% upside. Following are the factors: Technical Factors: 1. 2 Cup & Handle Patterns waiting for a breakout 2. Small Cup & Handle - giving a potential upside of 60% 3. Large Cup & Handle - giving a potential upside of 200%+ 4. Price respecting 20EMA Technical Factors: 1. India's largest animal healthcare company and world's top 20 companies 2. Merger with Viyash - on the verge of completion 3. Post merger - Big Topline and Big Profits Do keep this stock in your watchlist. Keep following @Cleaneasycharts as we provide Right Stocks at Right Time at Right Price. Cheers!!
NSE:VIYASHLong
by Cleaneasycharts