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Cupandhandlebreakout

India's Non-Stop Bullet Train - TEXRAIL - Choo Choo Train :)TEXRAIL turned out to be a Multi-bagger in 2023. The initial call was given at 64 for a target of 116, 136, 157. It blasted all 3 targets in less than 8 months resulting in a profit of more than 2.75x - Amazing Isn't it Recently the Indian Govt has announced major investment of more than 1 Lakh Crores into Railways & Infrastructure and among the Railway Themed Stocks - TEXRAIL plays a prominent Role. Our Multi-Timeframe Analysis shows following results 1. Monthly - Huge Cup & Handle BO done with targets of 240, 290 2. Daily - Even on the Shorter Term - It looks Super Bullish above 180 resistance levels. Another Smaller Cup & Handle BO done at Daily TF with target of 215 All we need is a strong close above 181-185 WCB for the Choo Choo Train to Blow its Horns and Chug along :) Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:TEXRAILLong
by Stocks-n-Trends
The Sun Shines Bright - Surya Roshini - 20% UCSurya Roshini - one of the largest Steel Pipes and Lighting companies in India shined bright on Friday (Dec 29) when it got locked in 20% UC This 20% was backed with 2 important milestones: 1) Cup & Handle BO supported with Volume @ Monthly TF 2) Multi-Year Parallel Channel BO as well 3) Target for C&H BO is 965 Break-out Traders - What to watch for, Can we Trade this at CMP ? What will happen on Tuesday ? Read our analysis below: 1) Typically stocks which BO tend to Retest the BO zone - To find this out we need to do Multi-timeframe analysis 2) On Weekly Charts - we also notice a smaller Parallel Channel with an embedded Box pattern BO 3) Despite the 20% UC - the stock ended right on the resistance of Parallel Channel Trendline - and infact it was rejected just at market close couple of points below 20% Given this, Tuesday opening is important - It has to open above the smaller Parallel Channel and ensure that it sustains above this channel the whole day. A rejection within the channel would lead to sideways consolidation between 577 to 777 before taking a BO to reach the Target Avoid FOMO - ensure we invest our money at right time so our returns are not delayed. Risky players - may take entry at CMP for 50% and keep remaining funds to average "if" there is a retracement. Safe players - wait for Retracement and let it take support before taking positions
NSE:SURYAROSNI
by Stocks-n-Trends
ZENSARTECH: Brewing Success in a Cup and Handle FormationZENSARTECH (CMP: 617.35) presents a compelling opportunity with the formation of a classic cup and handle pattern. This bullish technical setup suggests a potential upward trend reversal, making it an exciting prospect for traders and investors. Key Points: Cup and Handle Formation: The stock has traced a cup-like pattern, indicating a period of consolidation and accumulation, followed by a smaller pullback forming the handle. This pattern often precedes a significant upward move. Current Market Price (CMP): The current market price at 617.35 positions us at the potential breakout point, providing an advantageous entry for those looking to ride the anticipated bullish momentum. Stop Loss at 455: To manage risk, a prudent stop-loss level has been set at 455. This level is strategically chosen to allow for a reasonable buffer while protecting against unexpected downturns. Target at 1365: The target of 1365 aligns with the projected upward move based on the cup and handle pattern. This ambitious but realistic target takes into account the depth of the cup and offers an attractive risk-reward ratio. Important Note: I am not a SEBI registered advisor. Trading involves risk, and it's crucial to stay updated on market conditions and adapt your strategy accordingly. This idea is based on technical analysis, and it's recommended to conduct thorough research and, if possible, consult with financial professionals before making any trading decisions.
NSE:ZENSARTECHLong
by haxorchandan
1
Netflix in large Cup and Handle PatternNetflix appears to me to be completing a large cup and handle pattern. The initial peak of the cup appears at a price level of about $485 while the base appears to be at a low of $345. This price difference is $140, so I suggest the possibility that a new price target for NFLX should be at $625. The handle has just been broken in the upward price direction and I am trading this to that price target unless invalidation occurs. I am watching for the stock price to hold the $485 support that was once previously a resistance to confirm the trend and avoid invalidating the technical formation.
NASDAQ:NFLXLong
by Avatar_Trading
Electronics Mart has Cup and Handle pattern by William O'neilStock has made breakout from cup and handle pattern which didn't retrace more than 0.382 Fibonacci of previous rally. This pattern was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. Electronics Mart has a potential to 2-3x from here onwards as sales were also good in recent quarter. Entry 227 with small stop at gap near 207/190 as per your risk capacity. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:EMILLong
by Niftydirection
GTA VI Effect?Take Two Interactive, while on the downward sloping trend has formed a cup & handle pattern and successfully managed to break out of the range. The arrival of next Grand Theft Auto series is likely to push the stock up as it is likely to be one of the best selling titles in the gaming industry. The stock has many supporting reasons to drive its price higher as we may see the continuation of GTA Online (for both V & VI) which has been a massive success amongst the community and also for Rockstar as it has helped generate regular income from its business model. Other than being the best GTA ever, it will incorporate features from other successful titles such as Red Dead Redemption 2, which arguably had better graphics than GTA V & all other games from the parent company in the past. We may also see Rockstar borrowing elements from RDR 2 like character physics & animals such as horses which have never been present in GTA before. This will be biggest & best release ever from the GTA series unlike Apple claiming their Iphone to be which is merely different from its previous iterations. Moreover, the stock is down from its all time high and thus we can expect to see it breaking its previous highs with the next GTA on its cards. The stock looks good for a long term holding as Rockstar has high estimates from its upcoming titles in 2024-25 and none other than next GTA can achieve this level of sales. Rockstar has other upcoming titles too in the pipeline that may contribute to their success in the future.
NASDAQ:TTWOLong
by nikhilchhabra
GBP/USD Potential Bullish Reversal - Cup and Handle FormationGBP/USD is currently on the verge of the lower boundary of an upward channel and forming a Cup and Handle pattern, indicating a potential bullish reversal. The entry point may occur after the price successfully breaks and retests the SNR level at 1.23113. Technical Analysis: -The Cup and Handle pattern is forming, signaling a potential bullish reversal. -The price is approaching the lower boundary of the upward channel. -SNR level at 1.23113 is a critical point for breakout confirmation. Trade Plan: -Entry Point: Wait for the price to break and retest the SNR level at 1.23113. -Stop-Loss: Place a stop-loss below the nearest support level or according to your personal risk tolerance. -Profit Target: Set a realistic profit target, possibly at the next resistance level (1.25497) Special Considerations: -Monitor economic news and fundamental factors that may affect GBP/USD. -Do not hesitate to exit the trade if there are significant changes in market conditions.
Long
by fardycurry
Cup with handle Incorporated in 1998, Allsec Tech is a global leader in outsourcing solutions offering future-ready, resilient business transformation services to industry heavy-weights, Fortune 100 companies, and growth-focused organizations. The services provided by the Company include data verification, processing of orders received through telephone calls, telemarketing, monitoring quality of calls of other call centers, customer services and HR and payroll processing. The Company has delivery centers at Chennai, Bengaluru and NCR. With 4,000+ FTEs spread across 5 contact centers in the US, Philippines, and India, the company manages over 1 Million customer contacts per day, via multiple touchpoints.
A
by investigationofchart
$LEMONTREE - Cup with handle BOAs seen on the chart, NSE:LEMONTREE has formed a nice U-shaped Cup, The stock was in an uptrend before forming Cup Took 38 weeks to form the complete pattern. 27 weeks for Cup with a correction of ~27% 11 weeks for Handle with a correction of ~10% Volume dried up during the initial part of the cup and handle. But was good when coming out of the cup and also at the BO of the handle. There is a high probability that this pattern will be successful. With regard to quarterly results, Total revenue was INR ~222 crores, which increased 16.8% year-on-year. The net EBITDA margin in Q1 stood at ~47% The PAT grew by 103% year-on-year from INR 13.6 crores to INR 27.5 crores. Disc - invested, for educational purposes only Another similar setup was with Finolex Cables and Va Tech Wabag Ltd
NSE:LEMONTREELong
by shridharrathi
1
Cup & Handle Breakout: Bullish Measured MovePrice target 4575 based on extension from bottom of cup to rim. Breakout above rim is bullish and high probability of further extension. Bottom of cup 4330 to rim 4455 = +125, target ~4575. Move can come fast. Shorts beware. NB: Chart patterns are often DECEPTIVE and MISLEADING. DYODD! A pullback to fill the open gap is very likely. Closing the gap may spark further rally towards target price. FOMC rate hike next week could be catalyst to crush this rally, risk is high for all positions!
TVC:SPX
by DaddySawbucks
28